Adani Enterprises-backed JV incorporates new subsidiary to provide IT-related services; stock rises 3%
As per the regulatory filing today, AdaniConnex incorporated DC Development Noida Two with an initial authorized and paid-up share capital of ₹1 lakh each on December 16.
Adani Enterprises on Monday announced that joint venture AdaniConnex has incorporated a wholly-owned subsidiary DC Development Noida Two Limited (DCDNTL) for undertaking business in IT services. Also, the newly launched subsidiary will undertake businesses related to infrastructure development. On BSE, the Adani Group's flagship company touched a new 52-week high before closing on a higher note.