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Gautam Adani Group company Adani Green Energy has taken an important decision. Adani Renewable Energy Holding Nine Limited, a subsidiary of Adani Green Energy, has formed 4 subsidiary units. The names of these 4 units are – Adani Renewable Energy Sixty, Adani Renewable Energy Sixty Two, Adani Renewable Energy Sixty Three and Adani Renewable Energy Sixty Four. The authorized and paid up share capital of all these units is Rs. 1 lakh is
What the company said
Adani Green Energy said in a stock exchange filing on Monday that its wholly-owned subsidiary Adani Renewable Energy Holding Nine has created four wholly-owned subsidiaries on December 18. These units are registered in Ahmedabad. According to Adani Green, the main objective of setting up the new units is to generate, develop, convert, distribute, transmit, sell and supply any form of electricity or electrical energy from wind, solar or other renewable energy sources.
The merger was announced
Let us tell you that recently Adani Green Energy announced the merger of two subsidiary companies Adani Renewable Energy Fifty One Limited and Adani Renewable Energy Fifty Five Limited.
Adani Green Energy Share Status
Shares of Adani Green Energy were seen in profit-booking mode on the first trading day of the week. During the trading, the share price fell to the level of Rs 1500. At the close of trading, the share price was marginally lower at Rs.1525.40. Let us tell you that on January 18, 2023, the share is Rs. It touched a 52-week high of 2,185.30. After this Hindenburg The report came in and the stock started falling. It fell so much that on February 28, 2023 the share was Rs. touched a 52-week low of 439.35.