Adani Global FZE, a step-down wholly owned subsidiary of Adani Enterprises, has incorporated a new wholly owned subsidiary in the UAE named ADANI METALS AND MINERALS FZCO (AMAMF). Established on March 31, 2026, AMAMF will focus on the trading of precious stones, jewelry, scrap metal, and non-ferrous metal ores. The total initial capital is AED 50,000, with 100% shareholding controlled by Adani Global FZE.
Formation of New UAE Subsidiary
Adani Enterprises Limited formally announced the incorporation of a new step-down wholly owned subsidiary through its existing UAE-based subsidiary, Adani Global FZE. The new entity is named ADANI METALS AND MINERALS FZCO (AMAMF) and was officially incorporated in the UAE on March 31, 2026.
Business Focus and Industry
AMAMF is categorized under the Trading in goods industry. Its core business activities will involve the trading of a diverse range of commodities, specifically including Pearls and Precious Stones, Jewelry, Non-manufactured precious metal, Scrap and waste Metal, Metal ores, and basic non-ferrous metal. No specific regulatory approvals beyond standard incorporation procedures were noted as applicable.
Capital Structure and Ownership
AMAMF has been established with an initial capital of AED 50,000, divided into 50 shares with a face value of AED 1,000 each. The subscription price for these shares was set at the face value of Rs. 10 each. Ownership details confirm that 100% of the shareholding of AMAMF is held by Adani Global FZE, thereby establishing AMAMF as a second-tier wholly owned subsidiary of the parent company.
Source: BSE
