Adani Enterprises Ltd. — Capital/Financing Update 2021

Feb 6, 2021

6 th February, 2021

BSE Limited P J Towers, Dalal Street, Mumbai – 400001 National Stock Exchange of India Limited Exchange plaza, Bandra-Kurla Complex, Bandra (E), Mumbai – 400051

Scrip Code: 512599 Scrip Code: ADANIENT

Dear Sir,

Sub: Adani Airports acquires 23.5% shareholding in Mumbai Airport.

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

In continuation of our earlier intimation dated 31st August, 2020, we would like to inform that Adani Airport Holdings Limited ("AAHL") the flagship holding company of Adani Group for its airports business and a Wholly Owned Subsidiary of Adani Enterprises Limited has acquired 23.5% equity stake i.e. 28,20,00,000 (Twenty Eight Crores Twenty Lakhs) Equity Shares of INR 10 (Indian Rupees Ten) of Mumbai International Airport Limited ("MIAL") from ACSA Global Limited ("ACSA") and Bid Services Division (Mauritius) Limited ("Bidvest").

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 are given as under:-

SrNo.	Particulars	Details
a)	Nameofthetargetentity, details in briefsuch as size, turnoveretc.	MumbaiInternationalAirportLimited("MIAL")is engaged in the business ofdevelopment, construction and operation ofChhatrapati Shivaji MaharajInternationalAirport.Authorised ShareCapital:Rs.3,500CroresPaid-up, Issued and SubscribedShareCapital: Rs. 1,200Crores

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

SrNo.	Particulars	Details
		Turnover as on 31.03.2020–Rs.3489.46Crores
b)	Whethertheacquisition would fallwithinrelatedpartytransaction(s)andwhether the promoter/promoter group/ groupcompanieshaveanyinterest in the entitybeing acquired? If yes,nature of interest anddetailsthereofandwhether the same isdone at "arm's length".	No
c)	Industryto which theentity being acquiredbelongs.	AirportInfrastructure&Development(development, construction and operationof domestic and international airports)
d)	Objectsand effects ofacquisition(includingbutnotlimitedto,disclosure of reasonsforacquisitionoftargetentity,ifitsbusiness is outside themain line of businessof the listed entity).	ThisacquisitionformspartofthetransactionpursuanttowhichAAHLproposes to acquire controlling interest inMIAL as specified in our intimation dated31st August 2020.
e)	Briefdetailsofanygovernmentalorregulatoryapprovalsrequiredfortheacquisition.	All relevant approvals have been obtained.
f)	Indicativetime periodfor completion of theacquisition.	AAHL has completed the acquisition of23.5%equity stake in MIAL.

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

Sr	Particulars	Details
No.
g)	Natureofconsideration-whethercashconsideration or shareswapanddetailsofthe same.	Cash
h)	Costof acquisition orthe price at which theshares are acquired.	AAHL has acquired 23.5% equity stake inMIAL for Rs.1685.25 Crores.
i)	Percentageof	Particularsof% of Holding
	shareholding / control	sharesacquired
	acquiredand/or	28,20,00,00023.5%
	numberofshares	Equity Shares
	acquired.
j)	Briefbackgroundabouttheentityacquired in terms ofproducts/lineofbusinessacquired,date of incorporation,history of last 3 yearsturnover,countryinwhichtheacquiredentityhaspresenceandanyothersignificant information	MIALisengagedinthebusiness	of
		development, construction and operation of
		Chhatrapati Shivaji Maharaj InternationalAirport.
		was incorporated on 2nd March, 2006.MIAL
		The turnover of MIAL, for last 3 years are as
		under:
		(Rs in Crores)
	(in brief).	Particulars2019-202018-192017-18Turnover3489.463673.743,342.32

Kindly take the same on your records.

Thanking you.

Yours faithfully,

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