Adani Enterprises Ltd Subsidiary Incorporates 'MRDP-III Development Limited'

Adani Enterprises Ltd, through its wholly owned subsidiary Adani Road Transport Limited (ARTL), has incorporated a new subsidiary company named 'MRDP-III Development Limited' in India. 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 the new subsidiary is to carry on the business of river rejuvenation and environmental improvement, specifically including the acquisition of the Mithi River Development and Pollution Control Project (Package Ill) covering the stretch from CST Bridge, Kurla to Mahim Causeway along with Vakola River and adjoining areas. ARTL holds a 51% equity stake in MRDP-III Development Limited.