Adani Enterprises completed the acquisition of Parserlabs India on Thursday, March 20, after Sirius Digitech Limited, a joint venture of Adani Global Limited, Mauritius, acquired the remaining 22.5 per cent stake in the cloud services and artificial intelligence (AI) company. The transaction marks the ports-to-power conglomerate’s expansion into the data centre and cloud services sector.
“Furtherance to our earlier intimation dated 16th July 2024, where we had informed about the acquisition of 77.5 per cent stake in Parserlabs India Private Ltd (PIPL) by Sirius Digitech Limited, a joint venture company of Adani Global Ltd, Mauritius, which is a wholly-owned subsidiary of the company,” said Adani Enterprises in a regulatory filing to the stock exchanges on March 20.
“We inform that Sirius Digitech has further acquired remaining 22.5 per cent stake in PIPL. Accordingly, PIPL has now become a Wholly Owned Subsidiary of Sirius Digitech,” added the Adani Group’s flagship company in its filing.
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