New Delhi: Adani Enterprises Limited (AEL) said on Friday its subsidiaries have completed the divestment of their entire stake in PT Adani Global (Indonesia), marking the conglomerate’s exit from the Indonesian mining entity. The completion follows the Securities Purchase Agreement signed earlier this month with ENERGICO FZCO.
Follow Energy Watch on X
In a regulatory filing to the BSE and NSE, the company said Adani Global Limited (Mauritius) and Adani Global Pte Ltd (Singapore) “have completed the divestment of entire stake in PT Adani Global (Indonesia) (‘PTAG’) and thereby PTAG and its subsidiaries have ceased to be step down subsidiaries of the Company.”
The details of the transaction, including the terms of the Securities Purchase Agreement, had earlier been disclosed in AEL’s intimation dated November 6, 2025, in line with SEBI’s Listing Obligations and Disclosure Requirements and the November 2024 SEBI circular on disclosure of material events.
According to the company, PT Adani Global Indonesia was Adani Group’s maiden overseas project in coal mining and operations. It was a step down subsidiary of Adani Enterprises Limited with focus on coal mining, logistics and trading operations in Indonesia. The company acquired exploitation license from the Indonesian government in 2007.
Follow Energy Watch on LinkedIN
Adani’s Indonesian arm supplied coal and managed mine-to-port logistics under long-term arrangements. With the divestment completed, these assets are no longer part of Adani Enterprises’ consolidated structure.
