Adani Enterprises forms subsidiary Raigarh Natural Resources; Stock under pressure

29 Aug 2022 , 12:07 PM

Adani Enterprises Limited has announced the incorporation of a Wholly Owned Subsidiary (“WOS”).

In a regulatory filing, the company said it has incorporated a WOS namely, Raigarh Natural Resources Limited (“RNRL”), on August 26, 2022, with an Initial Authorized Share Capital of Rs10,00,000/- and Paid-Up Share Capital of Rs5,00,000/- each. 

The incorporation is done to carry on the business in Mining of Coals and Other Minerals and to do all necessary and incidental activities in this regard. RNRL is yet to commence its business operations in due course.

At around 12:09 PM, Adani Enterprises Ltd is currently trading at Rs3,127.45 per equity share down by Rs12 or 0.38% from its previous closing of Rs3,139.45 per equity share on the BSE.

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