Adani Group New Company: Gautam Adani’s group company Adani Ports and Special Economic Zone has formed a new company as a subsidiary. The headquarters of this company has been kept in Gandhinagar.
Adani Group New Company: Gautam Adani’s group company Adani Ports and Special Economic Zone has added a new subsidiary company. The company said in its exchange filing that the subsidiary company Udanvat Leasing IFSC Limited is wholly owned.
According to the information given by Adani Group, the company is involved in the business of ownership and lease of aircraft. This company is based in Gandhinagar, which has not started its operations yet. The authorized share capital of the company is Rs 2.5 crore. Its 25,00,000 shares are divided at a price of Rs 10 per stock.
Adani Group is also actively working in aviation industries. During September 2022, Adani Group had added Adani Aviation Fuel Limited. This subsidiary was established to engage in sourcing, transportation, supply and trading of fuel. Adani Group is focused on rapidly expanding business in this sector.
Condition of Adani Port shares
On Monday, the first trading day of the week, shares of Adani Group company Adani Ports and Special Economic Zone fell 2.85 percent and closed at Rs 771 per share. This stock has fallen 4.95 percent in the last five days. Apart from this, this stock has fallen by 6.62 percent in a month. On the other hand, shares of Adani Enterprises fell 3.71 percent on Monday and closed at Rs 2,304 per share. This stock has fallen by 6 percent in the last five days. Let us tell you that on Monday, shares of all the companies of Adani Group had fallen by 3 to 6 percent.
It is noteworthy that Adani Group has spread its business in many sectors of India. Adani Group is involved in business ranging from ports to new energy. In addition, the Group is involved in several businesses through several subsidiary companies.
