Adani Ports and SEZ forms wholly-owned subsidiary 'Tajpur Sagar Port'; Stock surges 1%

27 Oct 2022 , 01:15 PM

Adani Ports & Special Economic Zone Ltd has informed to the exchanges regarding incorporation of a Wholly Owned Subsidiary Company (‘WOS’).

The Company has incorporated a WOS namely “Tajpur Sagar Port Limited” on October 21, 2022 and TSPL belongs to Port Industry.

As per the  filing, TSPL has been incorporated as a wholly owned subsidiary of the Company for the purpose of development of deep-sea port on Design, Build, Finance, Operate and Transfer basis at Tajpur, West Bengal and is yet to commence its business.

On Thursday, at around 1:16 PM, Adani Ports & Special Economic Zone Ltd is currently trading at Rs809 per share up by Rs8.7 or 1.09% from its previous closing of Rs800.30 per share on the BSE.

The scrip opened at Rs801.50 per share and has touched a high and low of Rs810.40 per share and Rs794.85 per share respectively so far today. The current market cap of the company is Rs1,69,053.23 crore.

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