1. Gujarat High Court okays recast of Adani group’s businesses

Gujarat High Court okays recast of Adani group’s businesses

Adani Enterprises said the Gujarat High Court has approved restructuring of the group’s businesses involving ports...

By: | Ahmedabad | Published: May 12, 2015 1:30 AM

Adani Enterprises said the Gujarat High Court has approved restructuring of the group’s businesses involving ports, power, mining and transmission assets. In a BSE filing, Adani Enterprises said the Gujarat High Court on May 7, 2015 “considered and approved the Composite Scheme of Arrangement” between Adani Enterprises, Adani Ports and Special Economic Zone, Adani Power, Adani Transmission and Adani Mining and their respective shareholders and creditors pursuant to provisions of Sections 391 to 394 and other provisions of the Companies Act, 1956. Other Adani Group firms — Adani Ports and Special Economic Zone and Adani Power — also informed the BSE of the development in separate filings.

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