The Adani group has incorporated an aircraft owning and leasing company in Gujarat’s GIFT City, marking its entry into this business after two of the country’s leading airlines – IndiGo and Air India – formed subsidiaries for the same.
Udanvat Leasing IFSC was incorporated on October 23 by Adani Ports and Special Economic Zone with an authorised and paid-up share capital of `2.5 crore divided into 2.5 million equity shares of `10 each.
