NCLT approves Adani Enterprises merger with green units
after close1 source ↓written by the desknot a recommendation
- held by Adani
- 11 shares for every 553
Adani Enterprises shares are in focus following the NCLT's approval of the merger with Adani Green Technology and Adani Emerging Businesses. The scheme includes the cancellation of equity shares from Adani Green Technology and Adani Tradecom, while Adani Enterprises will issue 11 shares for every 553 held by Adani Emerging Businesses shareholders. This consolidation may enhance operational efficiency and market positioning.
Not investment advice. For informational purposes only.