Adani Enterprises Ltd. — Capital/Financing Update 2021

Sep 27, 2021

27th September, 2021

BSE Limited

P J Towers, Dalal Street, Mumbai - 400001.

Scrip Code: 512599

National Stock Exchange of India Limited Exchange plaza, Bandra-Kurla Complex, Sandra (E), Mumbai - 400051.

Scrip Code: ADANIENT

Dear Sir/ Madam,

Sub: Intimation for signing of Share Subscription Agreement

Ref: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")

With reference to the captioned subject, we would like to inform that Adani Airport Holdings Limited ("AAHL") a Wholly Owned Subsidiary of Adani Enterprises Limited ("the Company") has signed Share Subscription Agreement with April Moon Retail Private Limited ("AMRPL") and existing Shareholders of AMRPL namely, Mr. Arjun Ahuja, Mr. Karan Ahuja, Ms. Aliya Ahuja and Mr. Kabir Ahuja ("Existing shareholders of AMRPL") for the purpose of strategic partnership to operate duty free outlets in airports.

The details, as required under the SEBI Listing Regulations, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015, are given as under:

Sr.No.	Particulars	Details
1	ofwithpartiesName(s)agreementwhomtheisentered.	April Moon RetailPrivate Limited andMr.ArjunAhuja,Mr.KaranAhuja,Ms. Aliya Ahuja and Mr. Kabir Ahuja.
2	Purpose of entering into theagreement.	Thesharesubscriptionagreementofof subscriptionrecordsthetermsofsharesAprilMoonRetailPrivateLimitedbyAAHLandstrategicpartnership to operate duty paid outletsin airports by existing shareholders ofAMRPL and AAHL.

Adani Enterprises Ltd "Adani Corporate House•, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodlyar Ahmedabad 382 421 Gujarat, India CIN: L51100GJ1993PLC019067

Tel + 91 79 2656 5555 Fax + 91 79 2555 5500 info@adani.com www.adani.com

Sr.No.	Particulars	Details
3	Shareholding, if any, in theentitywithwhomtheagreement is executed.	Nil
4	ofSignificanttermstheagreement (in brief) specialrights like right to appointdirectors, first right to shareofsubscriptionincaseissuance of shares, right torestrictanychangeincapital structure etc.	dutyStrategic partnershiptooperatepaid outlets in airports and subscriptionof shares by AAHL amounting to 74%ofequitysharecapitalAMRPLonoffulfillmentcertaintermsandconditions linked with the transaction.
5	Whether, the said parties arerelatedtopromoter/promotergroup/groupcompaniesinanyIf yes,ofnaturemanner.relationship.	No
6	theWhethertransactionwithinwouldfallrelatedIf yes,partytransactions?whether the same is done at"arms length".	No
7	In case of issuance of sharesoftotheparties,detailsissue price, class of sharesissued.	On completion of the transaction, AAHLwill subscribe to 74,000 equity shares offace value of Rs. 10/-each constituting74% of share capital of AMRPL on fullyfordilutedbasisanaggregateinvestment of Rs. 7.40 Lacs.
8	otherAnydisclosuresrelated to such agreements,viz., details of nominee onthe board of directors of thelistedentity,potentialconflict of interest arisingout of such agreements, etc.	Not Applicable

Tel + 91 79 2656 5555 Fax + 91 79 2555 5500 1nfo@adani.com www.adani.com

Sr.No.	Particulars	Details
9	of terminationorcaseInofagreement,amendmententity shalldiscloselistedadditionaldetailstothestock exchange(s):	Not Applicable
a)	ofnamepartiestotheagreement;	Not Applicable
b)	nature of the agreement;	Not Applicable
c)	ofofdateexecutiontheagreement;	Not Applicable
d)	of amendment anddetailsimpact thereof or reasons ofandimpactterminationthereof.	Not Applicable

You are requested kindly to take the same on your records.

Thanking you,

Yours faithfully, For Adani Enterprises Limited

j .. q(-{- c-Qctltvrdlu..wt.~ Jatin Jalundhwala Company Secretary & Joint President (Legal)

Adani Enterprises Ltd "Adani Corporate House·, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar Ahmedabad 382 421 Gujarat, India CIN: L51100GJ1993PLC019067

Tel + 91 79 2656 5555 Fax + 91 79 2555 5500 info@adani.com www.adani.com