 "Adani Enterprises sells entire stake in subsidiary firm for Rs 1.36 mn")
Adani Enterprises on Friday said it has sold 100 per cent stake in its wholly-owned subsidiary Adani Energy Ltd (AEnL) for Rs 1.36 million.
"...we would like to inform you that the company has sold its entire stake in Adani Energy Ltd (AEnL) on March 29, 2019," Adani Enterprises said in a BSE filing.
The company received Rs 1.36 million from the sale, it added.
The company, without disclosing the name of the buyer, said "the buyer does not belong to the promoter/promoter group/ group companies".
Adani Enterprises is the flagship entity of the Adani Group. The company is involved in businesses in the areas of renewable energy, coal mining and trading, natural gas distribution and agri-businesses.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app