Adani Ports and Special Economic Zone Ltd. incorporated a wholly owned aircraft leasing unit, Udanvat Leasing IFSC Ltd.
The subsidiary is incorporated with an authorised and paid-up share capital of Rs 2.5 crore, the company said in an exchange filing on Monday.
Udanvat has been incorporated with the objective of owning and leasing of aircraft.
Shares of Adani Ports and Special Economic Zone Ltd. closed 2.85% lower at Rs 771 apiece before the announcement, as compared with a 1.34% decline in the benchmark Nifty 50 on Monday.
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