Subsidiary21 May 2026, 05:01 pm
Adani Ports' Step-Down Subsidiary Incorporates Angola Unit
AI Summary
Adani Ports and Special Economic Zone Ltd announces that Astro Middle East Ship Management DMCC, a step-down subsidiary of Sunrise Worldwide Enterprise Limited (in which The Adani Harbour International FZCO holds 80% stake), has incorporated a wholly-owned subsidiary, Astro Ship Management Angola (SU) LDA, in Angola on May 18, 2026. The subsidiary is involved in ships management and operation with an authorized capital of Kz. 9,180,000 (USD 10,000).
Key Highlights
- Astro Ship Management Angola (SU) LDA incorporated on May 18, 2026.
- The new entity is a wholly-owned subsidiary of Astro Middle East Ship Management DMCC.
- Astro Ship Management Angola (SU) LDA will focus on ships management and operation.
- Authorized capital of Astro Ship Management Angola (SU) LDA is Kz. 9,180,000 (USD 10,000).
- Astro Middle East Ship Management DMCC holds 100% shares of the Angola subsidiary.
Price Impact
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