Adani Enterprises acquires minority stake in Forsight Robotics through Mauritius arm

6 Apr 2022 , 09:33 AM

Adani Global Limited., Mauritius a Wholly Owned Subsidiary of Adani Enterprises Limited, has completed the acquisition of minority stake by way of newly issued shares of Forsight Robotics Ltd., aggregating to USD 20 million.

Forsight was incorporated under the laws of the State of Israel and the staek acquisition happened pursuant to the definitive agreements entered with Forsight and other investors in Forsight.

“The acquisition of Forsight which belongs to Medical technology is in furtherance of the strategic objectives of the Adani Enterprises Limited to undertake investments which provide synergistic benefits to the existing businesses of the Adani Group,” company said in a regulatory filing on Tuesday.

At around 9.36 am, Adani Enterprises Ltd was trading at Rs2,149.20 per share up by Rs7.35 or 0.34% from its previous closing of Rs2,141.85 per share on the BSE.