Adani Enterprises Ltd. — Capital/Financing Update 2021

Dec 23, 2021

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Sr.No.	Particulars	Details
a)	Nameofthetargetentity, details inbriefsuchassize, turnover etc.	Adani Data Networks Limited ('ADNL')i)Authorized Share Capital:Rs.2,50,00,000/- (Rupees Two CroreFiftyLakh Only).ii) Paid-Up Share Capital:Rs.2,50,00,000/- (Rupees Two CroreFiftyLakh Only).iii) Turnover: Nil(yettocommence business operations)
b)	Whethertheacquisition would fallwithinrelatedpartytransaction(s)andwhetherthepromoter/promotergroup/group companieshave anyinterestintheentitybeing acquired?Ifyes,natureofinterestand detailsthereofandwhetherthe same is doneat"arms/llength".,,1:	N.A.
c)	Industrytowhichtheentitybeingacquired belongs	ADNL isyettocommence its businessoperations.

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	Sr.No.	Particulars'	Details
	d)	Objects andeffectsofacquisition(includingbutnotlimitedto,disclosureofreasonsforacquisitionoftargetentity,ifitsbusinessisoutside the main lineofbusinessofthe listed entity)	ADNL is incorporatedwiththe objectiveofforproviding robust and reliable domestic andinternationalnetworkconnectivityservicesand bespoke solutions by investing in ground-up development and targeted acquisitionofopticalfiberinfrastructure, deploy opticaltransmissionnetworks spanningselectedintra-cityandinter-cityroutesanddevelop/co-develop submarine cable systemsfrom east andwestcoastofIndia.
	e)	Brief detailsofany governmental orregulatory approvals requiredfortheacquisition.	N.A.
	f)	Indicativetimeperiodforcompletionoftheacquisition	Completed
	g)	Natureofconsideratio~ - whethercash consideration or share swapand detailsofthe same:	Cash
	h)	Costofacquisition orthepriceatwhichtheshares are acquired:	Rs.2,50,00,000/- (25,00,000Equity SharesofRs.10/- each)
	i)	PercentageofshareholdingIcontrolacquired and / or numberofshares acquired;	100%
	j)	Briefbackground about theentityacquired in termsofproducts/lineofbusinessacquired,dateofincorporation, historyoflast3yearsturnover,countryin which theacquiredentityhas presence andanyothersignificantinformation(in brief):	ADNL is incorporated in India and registeredwiththe RegistrarofCompanies, GujaratatAhmedabad on 22ndDecember, 2021 andyetto commence its business operations.is

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