Adani Enterprises’ arm completes acquisition of 50.02% stake in Semolina

15 Oct 2024 Evaluate

Adani Enterprises’ wholly owned subsidiary -- Adani Airport Holdings (AAHL) has completed acquisition of 50.02% stake in Semolina Kitchens (Semolina) on October 14, 2024. The object of acquisition is to set develop, operate and maintain food and beverages outlets and lounges at Identified Airports. 

The acquisition has been done at a purchase consideration of Rs 0.05 crore. Semolina was incorporated on June 30, 2022. Semolina is engaged inter-alia in the business of developing operating and maintaining food and beverages outlets including lounges at airports.

Adani Enterprises is the flagship company of Adani Group, one of India’s largest business organisations.

Adani Enterprises Share Price

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