Adani Enterprises’ subsidiaries, Adani Global Limited (Mauritius) and Adani Global Pte Ltd (Singapore), have signed a Securities Purchase Agreement (SPA) to divest their entire stake in PT Adani Global (Indonesia) to ENERGICO FZCO. The transaction, valued at USD 125 Million, will result in PT Adani Global (Indonesia) ceasing to be a step-down subsidiary of Adani Enterprises upon completion, expected by November 30, 2025.
Divestment Announcement
Adani Enterprises has announced that its subsidiaries, Adani Global Limited (Mauritius) and Adani Global Pte Ltd (Singapore), have entered into a Securities Purchase Agreement (SPA) with ENERGICO FZCO. This agreement pertains to the divestment of their complete stake in PT Adani Global (Indonesia).
Key Transaction Details
The SPA was signed on November 6, 2025. Upon the transaction’s closure, PT Adani Global (Indonesia), along with its step-down subsidiaries, will no longer be a part of Adani Enterprises.
Financial Impact and Valuation
The total consideration for this divestment is USD 125 Million. PT Adani Global (Indonesia) contributed revenue of Rs. 812.51 Crore, which is 0.83% of Adani Enterprises’ consolidated revenue (Rs. 97,894.75 Crore). Its net worth was Rs. 628.95 Crore, representing 1.11% of the consolidated net worth (Rs. 56,470.45 Crore).
Buyer Information
The buyer in this transaction is ENERGICO FZCO, based in Dubai, United Arab Emirates. ENERGICO FZCO is not part of the promoter group or group companies of Adani Enterprises.
Expected Completion
The anticipated date for the completion of this sale/disposal is not later than November 30, 2025.
Source: BSE
