Adani Global Acquires 50% Stake In Monvarex Aluminium Holding For ₹20.8 Lakh
Mumbai: Adani Global Limited (AGL), a wholly-owned subsidiary of Adani Enterprises Limited, announced on Thursday that it has acquired a 50% equity stake in Monvarex Aluminium Holding RSC Ltd. (MAHRSCL). The transaction involved a cash consideration of USD 25,000, equivalent to approximately ₹20.8 lakh. Adani Airports Eyes ₹9,825 Crore Global Fundraise To Accelerate Infrastructure Expansion…
Mumbai: Adani Global Limited, a wholly-owned subsidiary of Adani Enterprises Limited, has acquired a 50% equity stake in Monvarex Aluminium Holding RSC Ltd for approximately ₹20.8 lakh, as disclosed on Thursday. The cash consideration for the transaction amounted to USD 25,000. Monvarex Aluminium Holding RSC Ltd, incorporated in Abu Dhabi on May 15, 2025, operates within the metals, mining, and chemicals industry.
The acquisition by AGL opens up opportunities for the company to engage in manufacturing, extracting alumina/aluminium smelter, and coal-to-gas businesses in India. Financially, Monvarex Aluminium Holding RSC Ltd has an authorized and paid-up share capital of USD 50,000 each, but currently has a nil turnover as its commercial operations have not yet commenced.
It is important to note that this story is based on company exchange filings and is intended for informational purposes only. Investors should conduct their own due diligence and evaluate associated risks before making any investment decisions.
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