Millennium Post

Gujarat HC okays restructuring of Adani business

Adani Enterprises on Monday 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 Pvt and their respective shareholders and creditors pursuant to provisions of Sections 391 to 394 and other provisions of the Companies Act, 1956.
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