Adani Enterprises forms two wholly-owned subsidiaries for coal mining

Adani Enterprises has announced to the stock exchanges regarding incorporation of wholly owned subsidiaries.

As per filing, the company has incorporated two Wholly Owned Subsidiaries on August 23, 2022 and the details are as as follows:

Hirakund Natural Resources Limited (“HNRL”), with an Initial Authorized Share Capital of Rs10 lakh and Paid-Up Share Capital of Rs5 lakh to, interalia manage the business in Mining of Coals and other related minerals and to do all necessary activities in this regard. Further, HNRL will start its business operations in due course, the company said.

Vindhya Mines and Minerals Limited (“VMML”), with an Initial Authorized Share Capital of Rs10 lakh and Paid-Up Share Capital of Rs5 lakh to, interalia, carry on business in Mining of Coals and other related minerals and to do all necessary activities in this regard. Further, VMML will commence its business operations in due course.

At around 9:18 AM, Adani Enterprises Ltd is currently trading at Rs3,145.55 per share up by Rs8.95 or 0.29% from its previous closing of Rs3,136.60 per share on the BSE.

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