Adani Enterprises Limited informed that the Company has incorporated a wholly owned subsidiary namely CORR Tollways Limited. The confirmation about same was received on March 9, 2026 at 12:49 PM. Name of entity: CORR Tollways Limited (?CTL?).
Date of incorporation: March 9, 2026. County of incorporation: India. CTL is a wholly owned subsidiary of the Company.
CTL shall be engaged in the business to undertake, operate and execute the Tolling, Operations and Maintenance (O&M) of the Chennai Outer Ring Road (CORR) Phase I (Vandalur to Nemilichery) and Phase II (Nemilichery to Minjur in TPP Road), including all associated facilities and infrastructure, pursuant to the concession, license or authorization granted by the Tamil Nadu State Highways Authority (TANSHA). CTL has been incorporated with an authorized and paid up capital of INR 1 million dividend into 100,000 equity shares of INR 10 each. The shares are subscribed at the face value of INR 10 each.
100% of the shareholding of CTL is held by the Company.
