Adani Green Energy Limited has informed the Exchange about Incorporation of step-down subsidiary company
ADANIGREEN · price
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Adani Green Energy Limited (AGEL) announced that its wholly-owned subsidiary Adani Renewable Energy Holding Eleven Limited (AREH11L) has incorporated a new wholly-owned step-down subsidiary called Adani Ecogen Three Limited (AE3L) on September 22, 2025. AE3L has been set up with an authorized and paid-up capital of Rs. 1,00,000 each and is registered with the Registrar of Companies in Gujarat. The new entity has not yet commenced business operations and currently has nil turnover. Its main objective is to generate, develop, distribute, and supply power using wind, solar, or other renewable energy sources, aligning with AGEL's core renewable energy business. The incorporation is not a related party transaction and AREH11L holds 100% of the share capital.
This is a routine corporate restructuring move to expand AGEL's renewable energy operations through a new vehicle. With minimal capital deployed and no immediate financial impact, it is unlikely to move the stock price, but it signals continued capacity-building in the company's renewable energy pipeline.