Adani Group forms new subsidiaries for real estate, hotel , and airport sector
Step-down unit of a multinational business firm, Adani Group, Adani Enterprises Ltd (AEL), has incorporated three wholly-owned subsidiaries. These new subsidiaries are focused on hotel and real estate development as part of their airport city expansion strategy, said a report from The Economic Times.
In the airport sector, Adani Navi Mumbai Airport City Ltd, Adani Guwahati Airport City Ltd, and Adani Ahmedabad Airport City Ltd have been set up by another step-down wholly-owned subsidiary, Adani Airport City Ltd. These entities will undertake real estate activities, including construction, along with hotels featuring integrated restaurants, banquets, and business centres.
Also Read: Adani Group chalks out Rs 33,081 crores investment plan for Odisha