Adani Group company Adani Road Transport Ltd to Acquire 100% Stake in D P Jain TOT Toll Roads for Up to Rs 1,342 Crore
DSIJ Intelligence-2 / 12 Sep 2025/ Categories: Mindshare, Trending
The stock is up by 19 per cent from its 52-week low of Rs 2,026.90 per share and has given multibagger returns of over 746 per cent in 5 years.
Adani Road Transport Limited (ARTL), a wholly-owned subsidiary of Adani Enterprises Ltd, has announced the signing of a Share Purchase Agreement (SPA) to acquire 100 per cent stake in D P Jain TOT Toll Roads Private Limited (DPJTOT). The transaction, subject to regulatory approvals and customary conditions, was executed on September 11, 2025.
Under the agreement, ARTL will purchase the entire shareholding of DPJTOT from D P Jain TOT Toll Roads Private Limited, D P Jain & Co Infrastructure Private Limited, and DPJ-DRA Tollways Private Limited. The enterprise value of the acquisition will not exceed Rs 1,342 crore (approximately USD 162 million) as of September 30, 2025.
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Prior to this transaction, ARTL did not hold any stake in DPJTOT. The acquisition is expected to strengthen ARTL’s presence in the toll road segment and aligns with its strategic expansion plans.
This move comes in the backdrop of rising activity in the infrastructure sector, including divestments, bonus issues, and right issues by other infrastructure firms. The deal is likely to contribute to ARTL’s long-term growth trajectory and operational scale.
About Adani Enterprises Ltd
Adani Enterprises Limited (AEL), the flagship company of the Adani Group, has a long history of developing critical infrastructure businesses in India, subsequently divesting them into independently listed entities. AEL has a strong track record of creating large-scale, successful companies such as Adani Ports & SEZ, Adani Energy Solutions, Adani Power, Adani Green Energy and Adani Total Gas, significantly contributing to India's self-reliance and delivering substantial shareholder returns for three decades. Looking ahead, AEL's strategic investments are focused on high-growth sectors with significant value unlocking potential, including the green hydrogen ecosystem, airport management, data centres, roads and primary industries like copper and petrochemicals.
A strong performer with a market cap of Rs 2.78 lakh crore, the company has consistently delivered impressive profit growth of 37 per cent CAGR over the last 5 years. According to the Quarterly Results (Q4FY25) and annual results (FY25), the company posted amazing numbers. The stock is up by 19 per cent from its 52-week low of Rs 2,026.90 per share and has given multibagger returns of over 746 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.