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FINWIRES

Adani Power Forms New Step-Down Subsidiary for Nuclear Energy

-- Adani Power (NSE:ADANIPOWER, BOM:533096) has incorporated a step-down subsidiary named "Rawatbhata-Raj Atomic Energy" for nuclear energy, according to a Tuesday filing to the Indian stock exchanges.

The new entity is wholly owned by Adani Atomic Energy, which is a wholly-owned subsidiary of the company.

It has been formed to generate, transmit, and distribute power derived from nuclear and atomic energy. It was incorporated with an authorized capital of 500,000 divided into 50,000 equity shares of 10 rupees each.

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