Mumbai, April 11 -- Adani Enterprises Limited informed the stock exchange on Saturday about the incorporation of four new wholly-owned subsidiary companies, namely Adani Mangaluru Airport City Limited (AMACL), Adani Jaipur Airport City Limited (AJACL), Adani Lucknow Airport City Limited (ALACL) and Adani TRV Airport City Limited (ATACL) under its step-down subsidiary called Adani Airport City Limited.
These subsidiary companies, which have been incorporated to focus on real estate and construction projects, mark a strategic expansion in the company's airport-linked infrastructure development.
Each of the four new companies has been incorporated with a paid-up share capital of Rs 10,00,000, according to the regulatory filing.
Adani Enterp...