An agreement between Adani Roads — a subsidiary of Adani Enterprises — to acquire the road portfolio from Macquarie Asia Infrastructure Fund (MAIF) for Rs 3,110 crore was terminated by the Adani group, the company said in a regulatory filing on Thursday.
Adani Enterprises said it had earlier announced a plan in August 2022 to acquire 100 per cent stake in Swarna Tollway Private (STPL) and 56.8 per cent stake in Gujarat Road and Infrastructure Company.
“We would like to inform that due to non-satisfaction of conditions to closing by the seller within the agreed timeline under the share purchase agreement, the purchaser has decided to terminate the share purchase agreement and accordingly,
