Joint Venture28 Dec 2023, 06:33 pm
Adani Enterprises to Form Joint Venture with UAE-Based Sirius International Holding
AI Summary
Adani Enterprises Limited has entered into a term-sheet with UAE-based Sirius International Holding Limited to form a 49:51 joint venture for deployment of cutting-edge Artificial Intelligence, Internet of Things, and Secured Blockchain Products for industrial applications. The joint venture company will be incorporated in Abu Dhabi, UAE, and Adani and Sirius will hold equal participation in the board of directors of the JVCo.,
Key Highlights
- 49:51 joint venture with UAE-based Sirius International Holding Limited
- deployment of cutting-edge AI, IoT, and Secured Blockchain Products for industrial applications
- equal participation in the board of directors of the JVCo
- incorporation in Abu Dhabi, UAE