Adani Ports' Step-Down Subsidiary Incorporates Wholly Owned Subsidiary in Angola
Adani Ports and Special Economic Zone Limited has announced the incorporation of a new subsidiary in Angola, managed through its step-down subsidiaries. The new entity, Astro Ship Management Angola (SU) LDA, was incorporated on May 18, 2026.The establishment of Astro Ship Management Angola (SU) LDA is managed by Astro Middle East Ship Management DMCC, which is itself a step-down subsidiary of Sunrise Worldwide Enterprise Limited.
The new entity operates within the Ships Management and Operation industry. Astro Middle East Ship Management DMCC holds 100% shareholding in Astro Ship Management Angola (SU) LDA, making it a wholly owned subsidiary.
Incorporation Details of Astro Ship Management Angola (SU) LDA
The incorporation of Astro Ship Management Angola (SU) LDA is set up for the purpose of Ships Management and Operation. The details of the new subsidiary are as follows:| Particulars | Details |
|---|---|
| Name | Astro Ship Management Angola (SU) LDA |
| Date of Incorporation | May 18, 2026 |
| Country of Incorporation | Angola |
| Industry | Ships Management and Operation |
| Authorized Capital | 1 share of Kz. 9,180,000 (Equivalent to USD 10,000) |
| Shareholding | Astro Middle East Ship Management DMCC holds 100% shares |
ADANIPORTS Stock Price Movement
Today, Adani Ports and Special Economic Zone Limited shares edged higher, settling at ₹1793.3, up 0.98% for the day. The stock saw active trading in the post-market, reporting a total volume of 1.63 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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