Don’t miss the latest developments in business and finance.

Adani Ports & Special Economic Zone announces cessation of subsidiaries

Image
Capital Market
Last Updated : Dec 31 2018 | 6:16 PM IST
Adani Ports & Special Economic Zone announced that pursuant to the allotment of further equity shares by subsidiary companies i.e. Adani Petroleum Terminal Private ("APTPL"), Adani Dhamra LPG Terminal ("ADLPG") and Mundra LPG Terminal ("MLPG"), the Company's stake in each of APTPL, ADLPG and MLPG has been diluted to 0.99%.

Accordingly, APTPL, ADLPG, MLPG have ceased to be subsidiaries and Dhamra LNG Terminal has ceased to be step down subsidiary of the Company w.e.f 29 December, 2018.

Powered by Capital Market - Live News

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

More From This Section

First Published: Dec 31 2018 | 5:55 PM IST

Next Story