Adani Transmission's subsidiary incorporates wholly-owned subsidiary; Stock dips 1%

7 Sep 2022 , 09:59 AM

Adani Transmission Limited has informed to the exchanges regarding incorporation of a step-down Wholly Owned Subsidiary (“WOS”).

According to the said regulatory filing, the Company’s wholly-owned subsidiary Adani Transmission Step-Two Limited has incorporated its WOS in the name of Adani Transmission Mahan Limited (“ATML”) on September 05, 2022 with an initial authorised and paid-up capital of Rs1 lakh each.

The objective of incorporation is to carry on the business of transmission, distribution and supply of power and other infrastructure services relating thereto. ATML will commence its business operations in due course, the company said on Tuesday.

On Wednesday, Adani Transmission Ltd is currently trading at Rs3,920.75 per share down by Rs41.3 or 1.04% from its previous closing of Rs3,962.05 per share on the BSE.

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