# Business

Adani Enterprises sells 100% stake in subsidiary Adani Energy

Adani Enterprises has sold its entire stake in its wholly-owned subsidiary Adani Energy for Rs 13.61 lakh. “…We would like…

IANS | New Delhi | March 30, 2018 8:48 pm

Adani Enterprises sells 100% stake in subsidiary Adani Energy

Adani Enterprises has sold its entire stake in its wholly-owned subsidiary Adani Energy for Rs 13.61 lakh.

“…We would like to inform you that the company has sold its entire stake in Adani Energy Ltd (AenL) on 29th March 2018,” Adani Enterprises said in a regulatory filing to the BSE on Friday.

The concerned parties entered into the agreement on March 27 (Tuesday) and the transaction was completed on March 29 (Thursday), the filing said.

However, the company did not disclose any information about the buyer, but said: “Buyer does not belong to the promoter or promoter group or group companies.”

# India

Shares of Adani Enterprises nosedive 27 per cent on Wednesday

Data showed the demand for the FPO was led by non-institutional investors, and they subscribed to the shares 3.26 times.

# Business

AdaniConneX announces opening of its flagship data centre campus in Chennai

AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, announced the opening of 'Chennai 1' hyperscale data centre campus located at SIPCOT IT Park in Chennai, India.

# Business

Adani group enters telecom race, Adani Data Networks gets license for access services

Adani Data Networks Ltd (ADNL), a unit of Adani Enterprises Ltd has been granted a unified license for access services, which enables it to provide all telecom services in the country, according to official sources. Sources said that the department of telecom has given Adani Data Networks a unified license in six circles.