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FINWIRES

Adani Enterprises Arm to Acquire Portus Ventures

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Adani Airport City, a step-down subsidiary of Adani Enterprises (NSE:ADANIENT, BOM:512599), has agreed to acquire a 100% stake in real estate developer Portus Ventures for 140,000 Indian rupees, according to a Monday filing to the Indian stock exchanges.

The transaction is expected to be completed by June 17.

Portus was incorporated in 2024 to undertake real estate activities with owned or leased property, construction of buildings, hotels and motels, and resorts providing short-term lodging facilities. It has not yet started business operations.

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