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Adani Enterprises incorporates new subsidiary for cement business
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Last Updated: Jun 14, 2021, 01:41 PM IST
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Synopsis
Adani Enterprises Ltd. incorporate a new subsidiary, Adani Cement Industries Limited that will deal in all the cement related businesses. It is yet to start its operations.
Reuters
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ACIL), to manufacture all types of cements.
In a filing to BSE, the company said it incorporated the wholly-owned subsidiary on June 11, 2021 and the subsidiary company yet to commence its business operations. The new company will carry on business as manufacturers, producers, processors of all types of cements.
ACIL is incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on 11th June, 2021, and is yet to commence its business operations. ACIL has an authorised share capital of Rs 10 lakh and a paid-up share capital of Rs 5 lakh, Adani Enterprises said.
The company in a stock exchange filing has said that it has incorporated a wholly- owned subsidiary called Adani Cement Industries Limited (ACIL) on 11 June 2021.