New Launch9 Mar 2026, 01:32 pm
Adani Enterprises Ltd Incorporates Wholly Owned Subsidiary CORR Tollways Limited
AI Summary
Adani Enterprises Ltd has incorporated a wholly owned subsidiary named 'CORR Tollways Limited' on March 9, 2026. The new company, CTL, will be engaged in the business of tolling, operations and maintenance of the Chennai Outer Ring Road (CORR) Phase Vandalur to Nemilichery) and Phase II (Nemilichery to Minjur in TPP Road), including all associated facilities and infrastructure. CTL has been incorporated with an authorized and paid up capital of Rs. 10,00,000/- divided into 100,000 equity shares of Rs. 10/- each, and the Company holds 100% of the shareholding.
Key Highlights
- Adani Enterprises Ltd incorporates a wholly owned subsidiary, CORR Tollways Limited
- CTL to undertake, operate and execute the tolling, operations and maintenance of the Chennai Outer Ring Road Phases I and II
- CTL incorporated with an authorized and paid up capital of Rs. 10,00,000/- divided into 100,000 equity shares of Rs. 10/- each
- The Company holds 100% of the shareholding in CTL