Adani Enterprises Ltd. — Capital/Financing Update 2021

Sep 23, 2021

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23[rd] 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, Bandra (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”), the flagship holding company of Adani Group for its airports business and a Wholly Owned Subsidiary of Adani Enterprises Limited ("the Company") has signed Share Subscription Agreement with Flemingo Travel Retail Private Limited (“Flemingo”) and Mumbai Travel Retail Private Limited (“MTRPL”) for the purpose of strategic partnership to operate duty free outlets in airports and seaports.

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

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Sr. Particulars Details
No.
1 Name(s) of parties with whom Flemingo Travel Retail Private Limited
the agreement is entered. and Mumbai Travel Retail Private
Limited
2 Purpose of entering into the The Share Subscription Agreement
agreement. records the terms of subscription of shares
of Mumbai Travel Retail Private Limited
by AAHL and strategic partnership to
operate duty free outlets in airports and
seaports by Flemingo and AAHL.
3 Shareholding, if any, in the Nil
entity with whom the
agreement is executed.
4 Significant terms of the Strategic partnership to operate duty
agreement (in brief) special free outlets in airports and seaports and
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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

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Sr. Particulars Details
No.
rights like right to appoint subscription of shares by AAHL
directors, first right to share amounting to 74% equity share capital
subscription in case of of MTRPL on fulfillment of certain
issuance of shares, right to terms and conditions linked with the
restrict any change in capital transaction.
structure etc.
5 Whether, the said parties are No
related to promoter/promoter
group/ group companies in
any manner. If yes, nature of
relationship.
6 Whether the transaction No
would fall within related party
transactions? If yes, whether
the same is done at “arms
length”.
7 In case of issuance of shares On completion of the transaction,
to the parties, details of issue AAHL will subscribe to 28,49,000
price, class of shares issued. equity shares of face value of Rs. 10/-
each constituting 74% of Share Capital
of MTRPL on fully diluted basis for an
aggregate investment of
Rs. 284.90 Lacs.
8 Any other disclosures related Not Applicable
to such agreements, viz.,
details of nominee on the
board of directors of the
listed entity, potential conflict
of interest arising out of such
agreements, etc.
9 In case of termination or Not Applicable
amendment of agreement,
listed entity shall disclose
additional details to the stock
exchange(s):
a) name of parties to the Not Applicable
agreement;
b) nature of the agreement; Not Applicable
c) date of execution of the Not Applicable
agreement;
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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

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Sr. No.	Particulars	Details
d)	details of amendment and impact thereof or reasons of termination and impact thereof.	Not Applicable

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

Thanking you,

Yours faithfully,

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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