Subsidiary24 Oct 2025, 05:31 am
Adani Enterprises Incorporates Wholly Owned Subsidiary - Adani Ropeways Limited
AI Summary
Adani Enterprises Limited has incorporated a Wholly Owned Subsidiary (WOS) named ‘Adani Ropeways Limited’ in India on October 23, 2025. The new subsidiary has a subscribed capital of Rs. 1,00,000 divided into 10,000 equity shares of Rs. 10 each and has yet to commence business operations. The purpose of Adani Ropeways Limited is to undertake development and promotion of ropeway projects and to extend assistance of all kinds including investment, financial, technical or commercial for development, construction, operation, maintenance, etc. of ropeway projects in India.
Key Highlights
- Adani Enterprises Limited has incorporated a new wholly owned subsidiary, Adani Ropeways Limited
- Adani Ropeways Limited has a subscribed capital of Rs. 1,00,000 divided into 10,000 equity shares of Rs. 10 each
- The new subsidiary is focused on infrastructure and ropeway projects in India
- Adani Ropeways Limited is yet to commence business operations
- The establishment of Adani Ropeways Limited falls outside the main line of Adani Enterprises Limited's business