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Adani Enterprises acquires 51% stake in Adani Chendipada Mining

26 Aug 2020 Evaluate

Adani Enterprises has acquired 5,100 (51%) Equity Shares of Rs 10 each of Adani Chendipada Mining (ACMPL) from ACB (India) on August 24, 2020, making it a wholly owned subsidiary of the company. ACMPL is engaged in mining of minerals & ores activities and other allied activities in any part of India or elsewhere.

Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.

Peers
Company Name CMP
Redington 356.35
Adani Enterprises 2731.05
Amrapali Industries 34.31
Maxgrow India 175.85
Rashi Peripheral 864.95
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