NEW DELHI: Billionaire Gautam Adani-led Adani Enterprises today said its board has approved demerger of diversified businesses of ports, power, transmission and mining.
It said port business of the company will be demerged and vested in Adani Ports and Special Economic Zone Ltd while power utility will be merged into Adani Power Ltd.
Adani Transmission Ltd will hold the transmission business and will be listed on the stock exchanges, the company in a regulatory filing.
Also, Adani Mining Pvt Ltd, which is a wholly owned subsidiary of Adani Enterprises Ltd (AEL), will be merged with Adani Enterprises Ltd (AEL).