Acquisitions27 Dec 2024, 12:23 am
Adani Enterprises Acquires 26% Stake in Gidhmuri Paturia Collieries Private Limited
AI Summary
Adani Enterprises Limited (AEL) has acquired a 26% stake in Gidhmuri Paturia Collieries Private Limited (GPCPL) from Sainik Mining and Allied Services Limited. This acquisition makes GPCPL a wholly owned subsidiary of AEL. GPCPL, incorporated on 30th March 2019, is engaged in the business of developing and operating mines of coals and other minerals. The turnover for GPCPL for the financial year 2023-24 was NIL.
Key Highlights
- Adani Enterprises Limited acquires 26% stake in Gidhmuri Paturia Collieries Private Limited
- Gidhmuri Paturia Collieries Private Limited becomes a wholly owned subsidiary of Adani Enterprises Limited
- Gidhmuri Paturia Collieries Private Limited is engaged in the business of developing and operating mines of coals and other minerals
- The turnover for Gidhmuri Paturia Collieries Private Limited for the financial year 2023-24 was NIL