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Adani Enterprises divests 100% stake in Vizag Tech Park

01 Mar 2024 Evaluate

Adani Enterprises has divested its 100% stake in Vizag Tech Park (VTPL) a wholly owned subsidiary (WOS) on February 29, 2024 to Adani Infrastructure and Developers. Consequently, VTPL has ceased to be subsidiary of the Company. The consideration received from such sale is Rs 150.81 crore.   

Adani Enterprises is the flagship company of Adani Group, one of India’s largest business organisations.

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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