12 September 2025 Adani Enterprises Ltd (NSE: ADANIENT, BSE: 512599) announced that its wholly owned subsidiary, Adani Road Transport Limited (ARTL), has signed a definitive agreement to acquire a 100% stake in D P Jain TOT Toll Roads Pvt. Ltd. (DPJTOT) in a transaction valued at up to ₹1,342 crore. The acquisition agreement, executed on 11 September 2025, marks another step in Adani Group’s growing presence in the transport infrastructure sector.
₹1,342 Crore Acquisition Strengthens Adani Enterprises Transport Infrastructure Play
Under the deal, ARTL will acquire the entire shareholding of DPJTOT from its current promoters, DP Jain & Co. Infrastructure Pvt. Ltd. and DPJ-DRA Tollways Pvt. Ltd. The transaction, valued at an enterprise value not exceeding ₹1,342 crore as of 30 September 2025, is subject to regulatory approvals and standard closing conditions. The agreement does not involve any share issuance or related party transactions, ensuring a direct acquisition structure.
Adani Expands Road Portfolio with 100% Stake Acquisition
The acquisition strengthens Adani Road Transport Limited’s position in the national highways and toll operations sector. It further supports the Adani Group’s strategy to expand across logistics and mobility infrastructure. By adding DP Jain TOT Toll Roads Pvt. Ltd. to its portfolio, Adani Enterprises increases its control over toll-operate-transfer (TOT) assets, which are vital for modernizing India’s transport network. This expansion not only diversifies revenue streams but also aligns with the government’s focus on private participation in road infrastructure.
Why the DP Jain TOT Roads Deal Matters for Adani
This acquisition is part of the Adani Group’s aggressive infrastructure expansion plans, especially in highways and mobility. Toll-operate-transfer assets provide stable long-term revenue, making them attractive additions to Adani’s logistics division. With the enterprise value set at ₹1,342 crore, the deal represents both a growth-driven move and a cautious strategy, as no conflict-of-interest or nominee director disclosures were necessary. The acquisition highlights Adani’s continued confidence in India’s rising traffic and government concessions in highway management.
Adani Enterprises Share Price Edges Higher in Morning Trade
After the acquisition announcement, Adani Enterprises’ share price rose by ₹10.60 or 0.44% to ₹2,409.40 on NSE at 11:33 AM IST on 12 September 2025. The stock opened at ₹2,416.90, reached an intraday high of ₹2,421.60, and dipped to a low of ₹2,401.30 before stabilizing. With a market capitalization of ₹2.78 lakh crore, the company showed modest upward momentum amid broader market movement.
Adani Enterprises’ acquisition of DP Jain TOT Toll Roads signifies its continued commitment to expanding its transport infrastructure operations. This strategic move consolidates the company’s toll road assets, emphasizing long-term concession stability. Pending regulatory clearances, this acquisition demonstrates Adani Enterprises’ dedication to enhancing road infrastructure and solidifying its presence in the nation’s evolving mobility landscape.