At meeting held on 01 August 2024
The Board of Adani Enterprises at its meeting held on 01 August 2024 has approved the composite scheme of arrangement amongst Adani Green Technology, Adani Emerging Business and Adani Enterprises and Adani Tradecom and Adani New Industries and their respective shareholders and creditors.The scheme provides for (i) amalgamation of Adani Green Technology and Adani Emerging Business, respectively with Adani Enterprises and (ii) amalgamation of Adani Tradecom with Adani New Industries and the issue of shares of Adani Energy to shareholders of Adani Emerging Business in consideration thereof.
As an outcome of the composite scheme of arrangement, Adani Enterprises will achieve a much more simplified organization structure for its new energy business under the aegis of Adani New Industries.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
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