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Adani Enterprises' arm incorporates JV Company in Singapore

18 Apr 2024 Evaluate

Adani Enterprises’ step-down subsidiary -- Mumbai Travel Retail (MTRPL) has completed the incorporation process of a joint venture (JV) company namely ‘KING POWER OSPREE PTE.’ (KPO) in Singapore on April 16, 2024 (confirmation of the same has been received by the Company on April 16, 2024) with KING Power international Pte., Singapore. MTRPL shall hold 50% share capital of KPO. KPO is incorporated for the purpose of retail and wholesale business.

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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