From Runways To Billboards: Adani Expands Horizons With SKYIWAVE Acquisition

Adani Enterprises announced today that AAHL has completed the acquisition of SKYIWAVE Private Limited, marking a strategic expansion into the advertising and media solutions sector. The acquisition was finalized on March 30, 2026, with immediate operational control transferred to AAHL.  

Acquisition Details  
The acquisition was executed through a Share Purchase Agreement with SKYIWAVE and its shareholders. SKYIWAVE, incorporated in 2016, specializes in OOH advertising, hoardings, and innovative media solutions.  

Financial Snapshot  
SKYIWAVE reported a turnover of Rs. 16.51 lakhs in FY 2024-25, with previous years showing Rs. 17.64 lakhs (FY23) and Rs. 15.00 lakhs (FY24). The company’s authorized share capital stands at Rs. 1 crore, with paid-up capital of Rs. 50 lakhs.  

Strategic Impact  
The acquisition aligns with Adani’s diversification strategy, enabling AAHL to leverage SKYIWAVE’s expertise in media solutions to complement its airport infrastructure and consumer engagement platforms.  

Key Highlights  

• Acquisition completed on March 30, 2026  
• 100% equity stake acquired by AAHL  
• Cash consideration of Rs. 3 crore  
• SKYIWAVE turnover between Rs. 15–17.6 lakhs over last three years  
• Expansion into OOH advertising and media solutions  

Sources: Adani Enterprises regulatory filing