June, 07 2026 Sunday 08:36 Hrs
Last update 11-9-2025
  • SENSEX :   74,243.34

  • Top commodity trading and broking companies in India-116.67( -0.16%) 05-Jun-2026
Negative
Sensex 74243.34 -116.67  (-0.16) 05-Jun-2026
Previous Day Close 74360.01
Today's High/Low
High Low
  •  
  •  
74717.57 73988.75

Hot Pursuit - Detailed News

Adani Ports incorporates UAE-based step-down subsidiary for marine operations
06-Jun-26   10:07 Hrs IST
In a regulatory filing on 5 June 2026, the company said its step-down subsidiary, The Adani Harbour International FZCO, has incorporated Harbour International Shipping FZCO in the UAE.

The newly incorporated entity will be engaged in ship management and operations. APSEZ said the subsidiary has been established to conduct offshore operations locally and support the company's strategy of diversifying its global fleet.

According to the filing, Harbour International Shipping FZCO was incorporated on 5 June 2026 with an authorised capital of 100 shares of AED 1,000 each. The Adani Harbour International FZCO holds 100% of the shares in the new entity.

The company said the incorporation aligns with its objective of expanding the geographic reach of its marine business and strengthening its integrated marine platform.

APSEZ added that no governmental or regulatory approvals were required for the incorporation.

APSEZ is the largest private port operator in India. It reported 10.44% jump in consolidated net profit to Rs 3,328.96 crore on 26.5% increase in revenue from operations to Rs 10,737.58 crore in Q4 FY26 over Q4 FY25.

The counter advanced 1.82% to settle at Rs 1823.10 on Friday, 5 June 2026.

Powered by Capital Market - Live News

Top

Attention Investor:

Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.