AdaniConneX incorporates Navi Mumbai Power Distribution subsidiary
AdaniConneX Private Limited (ACX), a 50:50 joint venture of Adani Group and EdgeConneX, has incorporated a wholly owned subsidiary, Navi Mumbai Power Distribution Limited (NMPDL). NMPDL has been incorporated in India and registered with the Registrar of Companies (RoC), Ahmedabad. The company has a subscribed capital of Rs 100,000, divided into 10,000 equity shares of Rs 10 each. Through ACX, the company indirectly holds a 50 per cent stake in NMPDL. NMPTL has been established…
