Adani Enterprises Establishes Metals and Minerals Subsidiary in UAE
Adani Enterprises Ltd. announced the incorporation of a new wholly-owned subsidiary, ADANI METALS AND MINERALS FZCO ('AMAMF'), in the UAE on March 31, 2026. The confirmation of incorporation was received at 02:28 PM IST.AMAMF is a step-down wholly-owned subsidiary of Adani Global FZE, which itself is a wholly-owned subsidiary of Adani Enterprises. The newly formed entity will be engaged in the trading of Pearls and Precious Stones, Jewelry, Non manufactured precious metal, Scrap and waste Metal, Metal ores, and basis non ferrous metal.
The company was incorporated with a capital of AED 50,000, comprised of 50 shares valued at AED 1000 each, subscribed at a price of Rs. 10 per share. Adani Global FZE holds 100% of the shareholding in AMAMF. Governmental or regulatory approvals were not required for the incorporation.
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