Adani Enterprises Ltd. — Capital/Financing Update 2024

Jan 25, 2024

==> picture [100 x 38] intentionally omitted <==

25[th] January 2024

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: Intimation for execution of Memorandum of Understanding (“MOU”) by AdaniConnex Private Limited, Joint Venture of the Company

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 AdaniConnex Private Limited (“ACX”), a joint venture of the Company, has on 25[th] January, 2024 signed Memorandum of Understandings (“MoUs”) with Adani Power Limited (“APL”) to acquire 100% equity stake of two wholly owned subsidiaries of APL namely (i) Aviceda Infra Park Limited ; and (ii) Innovant Buildwell Private Limited.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13[th] July 2023 are given as under: -

Sr.No.	Particulars	Details	Details
a)	Name of the targetentity, details inbrief such as size,turnover etc.	Aviceda Infra Park Limited(“AIPL”).i) AuthorizedShareCapital: Rs.1,00,000/-ii) Paid-Up Share Capital:Rs. 1,00,000/-iii) AIPL is yet to commencecommercial activities.	Innovant Buildwell PrivateLimited (“IBPL”).i) AuthorizedShareCapital:Rs. 80,01,00,000/-ii) Paid-Up Share Capital:Rs. 74,01,00,000/-iii) IBPLisyettocommence commercialactivities.
b)	Whethertheacquisition wouldfall within relatedpartytransaction(s)and	Yes. AIPL is a wholly ownedsubsidiary of APL, an entityunder common control.	Yes, IBPL is a wholly ownedsubsidiary of APL, an entityunder common control.

Adani Enterprises Limited Tel + 91 79 2656 5555 “Adani Corporate House”, Fax + 91 79 2555 5500 Shantigram, Near Vaishno Devi Circle, Investor.ael@adani.com S. G. Highway, Khodiyar www.adanienterprises.com Ahmedabad 382 421 Gujarat, India CIN: L51100GJ1993PLC019067

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

==> picture [100 x 38] intentionally omitted <==

==> picture [450 x 619] intentionally omitted <==

----- Start of picture text ----- Sr. Particulars DetailsNo.whether the The transaction will be done The transaction will bepromoter/ at arms’ length basis. done at arms’ length basis.promoter group/group companieshave any interestin the entity beingacquired? If yes,nature of interestand details thereofand whether thesame is done at“arms length”.c) Industry to which Infrastructure development Infrastructurethe entity being activities. development activitiesacquired belongsd) Objects and The object of acquisition is The object of acquisition iseffects of to set up infrastructure to set up infrastructureacquisition facilities. facilities.(including but notlimited to,disclosure ofreasons foracquisition oftarget entity, if itsbusiness is outsidethe main line ofbusiness of thelisted entity)e) Brief details of any No Nogovernmental orregulatoryapprovals requiredfor the acquisition.f) Indicative time The transaction is expected The transaction isperiod for to complete by 31.03.2024. expected to complete bycompletion of the 31.03.2024.acquisitiong) Nature of Cash Cashconsideration -whether cashconsideration orshare swap anddetails of thesame;----- End of picture text -----

Adani Enterprises Limited Tel + 91 79 2656 5555 “Adani Corporate House”, Fax + 91 79 2555 5500 Shantigram, Near Vaishno Devi Circle, Investor.ael@adani.com S. G. Highway, Khodiyar www.adanienterprises.com Ahmedabad 382 421 Gujarat, India CIN: L51100GJ1993PLC019067

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

==> picture [100 x 38] intentionally omitted <==

Sr.No.	Particulars	Details	Details
h)	Cost of acquisitionor the price atwhich the sharesare acquired;	The acquisition will be doneat Rs. 190 crore, subject toadjustments on the closingdate.	The acquisition will bedone at Rs. 350 croresubject to adjustments onthe closingdate.
i)	Percentageofshareholding/controlacquiredand / or number ofshares acquired;	Acquisition of 100% equitystake of AIPL by ACX.	Acquisition of 100% equitystake of IBPL by ACX.
j)	Brief backgroundabout the entityacquired in termsof products/line ofbusiness acquired,dateofincorporation,history of last 3yearsturnover,country in whichtheacquiredentityhaspresence and anyothersignificantinformation(inbrief);	AIPL is incorporated in Indiaand registered with theRegistrarofCompanies,Gujarat at Ahmedabad on5thSeptember, 2022 with anobjectforcarryingoutInfrastructure developmentactivities. While AIPL is yetto commence commercialactivities, it owns a sizeablelandparcelandhavesecured key licenses tocommenceinfrastructureactivities, which would givea head start to ACX.	IBPL is incorporated inIndia and registered withtheRegistrarofCompanies, Maharashtra atMumbai on 24thDecember2007 with an object forcarrying out Infrastructuredevelopmentactivities.WhileIBPLisyettocommencecommercialactivities,itownsasizeable land parcel andhave secured key licensestocommenceinfrastructureactivities,which would give a headstart to ACX.

Kindly take the same on your records.

Yours faithfully, For Adani Enterprises Limited

JATINKUMAR Digitally signed by JATINKUMAR RAMESHCHANDRA RAMESHCHANDRA JALUNDHWALA JALUNDHWALA Date: 2024.01.25 19:24:42 +05'30'

Jatin Jalundhwala

Company Secretary & Joint President (Legal)

Adani Enterprises Limited “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 Investor.ael@adani.com www.adanienterprises.com

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