Adani Enterprises Limited has incorporated a wholly-owned subsidiary Vizag Tech Park Limited (VTPL) on March 30, 2021.
VTPL is yet to commence its business operations and is incorporated with the object to develop & establish an "Integrated Data Center Park and Technology Business Park”, the company said in a regulatory filing on Wednesday.
The company paid Rs5 lakh to acquire 50,000 equity shares of VTPL at Rs10 per share.
The company stock was bullish on Thursday and at around 12.07 pm, it was trading at day's high of Rs1087.90 up Rs57.05 or 5.5% from its previous closing of Rs1,030.85 per piece on the BSE.
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