STOCKWATCH

Adani Enterprises Ltd Dilutes Stake in Subsidiary Astraan Defence Limited

Adani Enterprises Ltd has announced the dilution of its stake in its step-down wholly-owned subsidiary, Astraan Defence Limited (ADL). The dilution follows the allotment of 10,09,40,000 equity shares (representing 49% of ADL’s share capital) to MSM Group S. R. O, the joint venture partner. This decision has resulted in Agneya Systems Limited, the immediate holding company of ADL and a step-down wholly-owned subsidiary of Adani Enterprises Ltd, seeing its shareholding in ADL dilute from 100% to 51%.

• Adani Enterprises Ltd dilutes stake in its step-down wholly-owned subsidiary, Astraan Defence Limited
• 10,09,40,000 equity shares allotted to MSM Group S. R. O, the joint venture partner
• Agneya Systems Limited's shareholding in ADL dilutes from 100% to 51%