Adani Agri Fresh Limited (AAFL), a wholly owned subsidiary of Adani Enterprises, has divested its entire 50% stake in Vishakha Industries Private Limited (VIPL) on March 31, 2026. Consequently, VIPL has ceased to be an associate of AAFL. The transaction yielded a consideration of Rs. 13.27 Crore for the sale of 1,46,685 shares. The buyer, Adani Properties Private Limited (APPL), is part of the promoter group, and the deal was executed on an arm’s length basis.
Divestment of Associate Company Stake
Adani Enterprises Limited hereby informs stakeholders regarding a divestment made by its wholly owned subsidiary, Adani Agri Fresh Limited (AAFL). On March 31, 2026, AAFL completed the divestment of its entire 50% stake in Vishakha Industries Private Limited (VIPL). Following this transaction, VIPL is no longer considered an associate company of AAFL.
Key Financial Details of the Divested Entity (VIPL)
The details concerning VIPL, relative to the last completed financial year (ending March 31, 2025), are summarized below:
- Revenue from Operations: Rs. 71.29 Lakhs
- Net Worth: Rs. 544.20 Lakhs
Transaction Execution and Consideration
The agreement for the sale of the stake was formally entered into on March 31, 2026, with the completion of the sale occurring on the same date.
AAFL received a total consideration of Rs. 13.27 Crore for the sale of its 1,46,685 shares, representing the 50% stake in VIPL.
Details of the Buyer and Transaction Basis
The buyer in this transaction is Adani Properties Private Limited (APPL), which belongs to the promoter and promoter group of Adani Enterprises Limited (‘AEL’).
Consequent to this transaction, APPL now holds the full 50% stake in VIPL. It has been confirmed that the entire transaction was undertaken on an arm’s length basis, satisfying related party transaction requirements.
Furthermore, the disclosure confirms that the sale does not fall under a Scheme of Arrangement, nor are there any indicative disclosures required for a slump sale, as the transaction is Not Applicable under those specific regulatory aspects.
Source: BSE
