"Adani Power Sets Up Wholly Owned Subsidiary in Abu Dhabi"

Adani Power Limited has announced the incorporation of a new wholly owned subsidiary, Adani Power Middle East Ltd, in Abu Dhabi. The subsidiary, established as an investment holding company, will focus on power, infrastructure, and related sectors.

With an authorized capital of 27,000 shares at $1 each, the new entity represents a 100% ownership by Adani Power Limited, supported by an initial subscription of $27,000. The company clarified that the incorporation does not involve related party transactions and does not require any governmental or regulatory approvals.

While the newly formed subsidiary has not yet commenced business operations and has no historical turnover, this development highlights Adani Power’s strategic intent to expand its footprint in the Middle East region.

HBL