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An announcement from Adani Enterprises Limited ( (IN:ADANIENT) ) is now available.
Adani Enterprises Limited announced a significant change in its subsidiary structure, with Astraan Defence Limited (ADL), a wholly-owned subsidiary, allocating 49% of its equity shares to MSM Group S. R. O. This strategic move reduces Agneya Systems Limited’s stake in ADL from 100% to 51%, indicating a shift towards a joint venture model that could enhance ADL’s capabilities and market reach.
More about Adani Enterprises Limited
Adani Enterprises Limited is a prominent player in various industries, including energy, resources, logistics, agribusiness, and aerospace and defense. The company is known for its diversified operations and strategic investments across different sectors, focusing on infrastructure development and sustainable growth.
Average Trading Volume: 68,715
Technical Sentiment Signal: Hold
Current Market Cap: 2924.8B INR
See more insights into ADANIENT stock on TipRanks’ Stock Analysis page.