Adani incorporates another overseas firm in Singapore amid stock market rout
Image Credit: Adani
According to a regulatory filing, Adani Harbour Services, which is a wholly owned subsidiary of Adani Ports, has incorporated another subsidiary in Singapore called Port Harbour Services International. The paid up share capital for this company is $1000 and is divided into 1000 shares. After Gautam Adani announced the cancellation of India's biggest FPO worth Rs 20,000 crore, Adani Ports' stocked further tanked by 2.7 per cent on Thursday.