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10-Aug2018

Adani Enterprises' arm sells its 51% stake in AREPL

Adani Enterprises' subsidiary -- Adani Tradecom LLP (ATLLP) -- has sold its 51% stake in Adani Renewable Energy Park (AREPL) to Adani Green Energy (AGEL) on August 09, 2018. Consequently, AREPL has ceased as subsidiary of the company. The consideration received from such sale/disposal is Rs 2,55,000.

Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.


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