In August 2022, Adani Road Transport, a wholly-owned subsidiary of Adani Enterprises, said it will acquire a 100% stake in Swarna Tollway Private Ltd (STPL) and a 56.8% stake in Gujarat Road and Infrastructure Company Ltd (GRICL) from Macquarie Asia Infrastructure Fund
Adani Road Transport Ltd (ARTL), a 100% subsidiary of Adani Enterprises Ltd (AEL), will acquire 56.8% stake in Gujarat toll roads portfolio (GRICL) and 100% stake in Andhra Pradesh toll roads
portfolio (STPL).
Adani Road Transport Ltd (ARTL) said on Thursday it has entered into a definitive agreement to acquire Gujarat Road and Infrastructure Company Ltd (GRICL) and Swarna Tollway Private Ltd (STPL).
Adani Group on Thursday said it will acquire Macquarie Asia Infrastructure Fund's toll road portfolio in Andhra Pradesh and Gujarat for Rs 3,110 crore.