Adani Energy Solutions Share Price in Focus; Incorporates 8 Wholly Owned Subsidiaries for Electricity Business

Adani Energy Solutions Ltd has incorporated eight new companies as wholly owned subsidiaries for its electricity business.  

The company disclosed the development to the stock exchanges on September 25, 2026, following intimation from the Ministry of Corporate Affairs received a day earlier.  

Subsidiaries Incorporated in India 

The eight companies were incorporated on September 24 in India. They are Arasan Step V Limited, Arasan Step VI Limited, Arasan Step VII Limited and Arasan Step VIII Limited, along with Arasan Step IX Limited, Arasan Step X Limited, Arasan Step XI Limited and Arasan Step XII Limited.  

Companies to Operate in Electricity Sector 

The newly formed entities have been classified under the electric utilities industry. Their proposed activities cover several parts of the electricity business, including production, generation, transformation, transmission, processing, storage, supply, and distribution. 

The filing states that the companies have been incorporated by Adani Energy Solutions to carry out these activities. No government or regulatory approval was required for their incorporation.  

Parent Company to Hold Full Ownership 

Adani Energy Solutions will hold the entire shareholding of each of the eight companies. The listed company is also the holding company for all eight subsidiaries. 

This means each of the newly incorporated entities will remain fully owned by Adani Energy Solutions.  

₹5 Lakh Capital for Each Company 

Each subsidiary has a paid-up share capital of ₹5 lakh. The capital is divided into 50,000 equity shares, each carrying a face value of ₹10. 

The shares have been subscribed at face value, with the consideration paid in cash. Taken together, the eight companies have a total paid-up share capital of ₹40 lakh.  

Read More: Waaree Energies Share Price in Focus After Securing 2 GW Solar Module Supply Order! 

Adani Energy Solutions Share Price Performance 

As of September 25, 2026, 3:30 pm, Adani Energy Solutions share price closed at ₹1,338.50, a 0.15% decrease from the previous closing price. 

Conclusion 

The incorporations give Adani Energy Solutions eight separate wholly owned companies for activities spanning the electricity value chain. All eight were formed with the same ₹5 lakh paid-up capital and are fully held by the parent company. 

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