Adani Green Energy no longer a subsidiary of Adani Enterprises

Image
Press Trust of India New Delhi
Last Updated : Jun 06 2017 | 8:13 PM IST
Adani Enterprises today said Adani Green Energy Ltd is no longer its subsidiary as its stake has been diluted below 50 per cent in the arm.
"...Pursuant to the allotment of further equity shares by Adani Green Energy Ltd (AGEL), the company's stake in AGEL has been diluted below 50 per cent.
"Consequently, AGEL ceased to be a subsidiary of the company from June 6, 2017," Adani Enterprises Ltd said in a statement.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jun 06 2017 | 8:13 PM IST

Next Story