New Ventures: Adani Green Energy Initiates Four Subsidiaries

Adani Green Energy has officially established four step-down subsidiaries, namely Adani Renewable Energy Sixty, Adani Renewable Energy Sixty-two, Adani Renewable Energy Sixty Three and Adani Renewable Energy Sixty Four. A share capital of Rs 1 lakh has been authorised and paid for each of these organisations.

Adani Green Energy disclosed to the regulatory authorities on Monday that these four wholly-owned subsidiaries were incorporated on December 18 by its wholly-owned subsidiary, Adani Renewable Energy Holding Nine.

As outlined in the filing, the primary objective of these subsidiaries is to engage in the generation, development, transformation, distribution, transmission, sale and supply of various forms of power or electrical energy, utilising sources such as wind, solar or other renewable energy sources.

The newly formed entities are identified as Adani Renewable Energy Sixty (ARE60L), Adani Renewable Energy Sixty Two (ARE62L), Adani Renewable Energy Sixty Three (ARE63L), and Adani Renewable Energy Sixty Four (ARE64L).

These new subsidiaries were successfully registered with the Gujarat Registrar of Companies, located in Ahmedabad.