Adani Global completes acquisition of minority stake in Israel based Forsight Robotics

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Adani Global, a wholly owned subsidiary of Gautam Adani-led Adani Enterprises has completed the acquisition of minority stake of Israel based  Forsight Robotics Ltd at USD 20 million.

“We would like to inform you that Adani Global Limited., Mauritius a Wholly Owned Subsidiary of the Company, has completed the acquisition of minority stake by way of newly issued shares of Forsight Robotics Ltd., a company incorporated under the laws of the State of Israel (Forsight) pursuant to the definitive agreements entered with Forsight and other investors in Forsight” the company said in a regulatory filing.

The acquisition 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.

Forsight was incorporated on 2nd April 2020 under the laws of the State of Israel. It is focussed on medical technology. Forsight had NIL turnover for the financial years ending on 31st December 2020 and 31st December 2021.

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