Adani Enterprises Ltd.

BSE: 512599 | NSE: ADANIENT
Large Cap | Trading
2137.25
-19.45 (-0.90%)
< Home < Back

Adani Enterprises’ arm acquires 74% stake in Mundra Solar Energy

Date: 24-05-2021

Adani Enterprises’ Wholly Owned LLP – Adani Tradecom has acquired 74% shareholding of Mundra Solar Energy (MSEL) on May 21, 2021. MSEL is incorporated to manufacture crystalline silicon solar PV cells and modules and ancillary operations. This acquisition will bring synergy in its current manufacturing operations and enhance the market share by its brand value.

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.