Adani Enterprises Ltd. — Capital/Financing Update 2021

Nov 10, 2021

10th November, 2021

BSE Limited

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

Scrip Code: 512599

Scrip Code: ADANIENT

Dear Sir/ Madam,

Sub: Intimation for Incorporation of a Wholly Owned Subsidiary ("WOS").

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

With reference to the captioned subject, we would like to inform you that Adani Infrastructure Private Limited ("AIPL"), a Wholly Owned Subsidiary ("WOS") of the Company, has incorporated a WOS namely, "Mundra Solar Technology Limited" on 9th November, 2021.

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 as under:-

Sr.	Particulars	Details
No.
a)	of the target entity, Name in brief such size, details as	Mundra Solar Technology Limited ("MSTL")
	turnover etc.	i) Authorized Paid-Up Share 8- 1,00,000/- Capital: Rs. (Rupees One Lakh Only). ii) Turnover: Nil (yet to commence business operations)
b)	Whether the acquisition would within fall related party transaction(s) and whether the promoter group/ promoter/ group companies have any	N.A.

Adani Enterprises Ltd "Adani Corporate House", Shanti gram, 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

Registered Office : "Adani Corporate House", Shanti gram, Near Vaishno Oevi Circle, S. G. Highway, Khodiyar, Ahmed a bad - 382421

Sr.	Particulars	Details
No.
	entity interest the in being If of acquired? yes, nature interest and details thereof and whether the same is done at "arms length".
c)	entity Industry to which the being acquired belongs	MSTL is yet to commence its business operations.
d)	of effects Objects and acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)	Designing, development, construction, implementation. commissioning, operation and of solar photovoltaic maintenance photovoltaic equipment, solar projects, and Engineering. Procurement, Construction (EPC) of Solar Projects and ancillary projects including thin film, polysilicon, Ingot 8- Module etc. Wafer, Cell, manufacturing facilities, nano electronics telecom products, products and cells and modules in electronics sector and renewables, other sectors.
e)	of Brief details any governmental or regulatory for approvals required the acquisition.	N.A.
f)	Indicative time for period completion of the acquisition	N.A.
g)	of Nature consideration - whether cash consideration or share swap and details of the same;	Cash
h)	Cost of acquisition or the price at which the shares are acquired;	Rs. 1,00,000/- (10,000 Equity Shares of Rs. 10/- each)

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

Registered Office : "Adani Corporate House", Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad. 382421

Sr.	Particulars	Details
No.
i)	of I shareholding Percentage control acquired and/ or number of shares acquired;	100%
j)	about Brief background the entity in of acquired terms of products/line business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief);	MSTL is incorporated in India and with of registered the Registrar Companies, Gujarat at Ahmedabad on 9th November, 2021 is yet to and commence its business operations.

Kindly take the same on your records.

Thanking you,

Yours faithfully, For Adani Enterprises Limited

( 0 ,_ K -,DctlUl'N)Ult~

rJ Jatin Jalundhwala Company Secretary 8- 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

Registered Office: "Adani Corporate House", Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421