Singapore-based Adani Global Pte, a step down
subsidiary of Adani Enterprises, has incorporated a wholly-owned subsidiary, Adani Energy Resources (Shanghai)
domiciled in Shanghai, China. The registered share capital of AER is $2.1
million, according to a filing with the stock exchanges.
"AER is incorporated to carry out business of
providing supply chain solutions and project management services," the
release added. AER is yet to commence operations, and Adani Global would hold
100 percent share capital of the company now. Expanding global footprint Adani
Airport Holdings (AAHL) has proposed to undertake a significant upgrade of Jomo
Kenyatta International Airport (JKIA) in Nairobi.
"The proposal, under the Public Private
Partnerships Act 2021, will see Adani Airport Holdings invest in a new
passenger terminal building, second runway and refurbishment of the existing
facilities at JKIA, according to the official statement released by Henry
Ogoye, Acting MD and CEO, KAA."
The JKIA investment marks a significant
expansion of Adani's footprint in Africa, following the announcement of its
acquisition of a majority stake in Tanzania International Container Terminal
Services (TICTS) and 80 percent acquisition of Astro Offshore for $185 million.