Adani Enterprises acquires 49% stake in Jhar Mining Infra

7 Apr 2022 , 11:45 AM

Adani Enterprises Limited has acquired 24,500 (49%) equity shares of Rs10 each of Jhar Mining Infra Private Limited (JMIPL) from ACB (India) Limited on April 5, 2022 for Rs2.45 lakh. Consequently, JMPL has become wholly owned subsidiary of the company.

Jhar Mining Infra is involved in the mining of minerals and ores. JMIPL is incorporated in India with Registrar of Companies, Gujarat at Ahmedabad on May 20, 2014 and is yet to commence its business operations.

At around 11.48 am, Adani Enterprises Ltd was trading at Rs2,173.60 per share up by Rs13.6 or 0.63% from its previous closing of Rs2,160 per share on the BSE.