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Gautam Adani Group company Adani Ports and Special Economic Zone (APSEZL) has formed a new company. The name of this subsidiary is Udanawat Leasing IFSC Limited. According to information provided by the Adani Group, the company is involved in the business of aircraft ownership and leasing. The new company is based in Gift City, Gandhinagar. However, it has not started its operations yet. The authorized and paid-up share capital of Udanwat is Rs. 2.5 crores. Each of those Rs. Divided into 25,00,000 equity shares of 10 each.
Let us tell you that Adani Group is actively working in Aviation Industries. The company also incorporated Adani Aviation Fuel Limited in September 2022. This subsidiary was established to engage in sourcing, transportation, supply and trading of aviation fuel.
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Adani Ports shares status
On the first trading day of the week, Adani Ports shares fell sharply on Monday. The stock fell 3 percent during trading. At the end of trading, the share price was Rs. was 771.10. The stock closed down 2.77% from a day earlier.