Adani Infra is under joint control with Adani Group. The proposed transaction is at arm's length basis an independent valuation report.

On consolidated basis, the company's net profit surged 117% to Rs 460.94 crore on 188.8% jump in net sales to Rs 38,175 crore in Q2 FY23 over Q2 FY22.

The scrip rose 0.14% at Rs 4031.05 on the BSE.