Adani Enterprises incorporates subsidiary Puri Natural Resources; Stock rises

28 Apr 2022 , 09:17 AM

Adani Enterprises Limited has incorporated a WOS namely, Puri Natural Resources Limited (“PNRL”), on April 27, 2022, with an Initial Authorized and Paid-Up Share Capital of Rs10 lakh each.

As per regulatory filing, the objective of incorporation is to, interalia, carry on manufacturing and processing of minerals, TiO2 Slag manufacturing, Pigment manufacturing etc. and to do all necessary and incidental activities in this regard. PNRL will commence its business operations in due course, said company.

At around 9:17 AM, Adani Enterprises was trading at Rs2,351 per piece higher by 0.70% on the BSE.