{"id":562830,"date":"2023-03-16T09:24:20","date_gmt":"2023-03-16T03:54:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=562830"},"modified":"2023-03-16T09:57:45","modified_gmt":"2023-03-16T04:27:45","slug":"adanis-investor-elara-also-a-co-owner-with-conglomerate-in-adtpl-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adanis-investor-elara-also-a-co-owner-with-conglomerate-in-adtpl-report\/","title":{"rendered":"Adani&#8217;s investor Elara also a co-owner with conglomerate in ADTPL: Report"},"content":{"rendered":"<p>A venture capital (VC) fund managed by Elara Capital, Elara India Opportunities Fund (Elara IOF), is a promoter entity with the Adani Group in Bengaluru-based defence company Alpha Design Technologies Pvt Ltd (ADTPL), as reported by the Indian Express (IE). ADTPL works closely with ISRO and DRDO. It also has a Rs 590 crore contract with the Union Ministry of Defence to upgrade Pechora missile and radar systems.<\/p>\n<p>Adani and Elara jointly own a 51.65 per cent stake in ADTPL.<\/p>\n<p>Elara holds shares predominantly in Adani Group companies. The report by IE showed that its holdings in three companies of the conglomerate add up to Rs 9,000 crore. This makes up 96 per cent of its total corpus as of December 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A venture capital (VC) fund managed by Elara Capital, Elara India Opportunities Fund (Elara IOF), is a promoter entity with the Adani Group in Bengaluru-based defence company Alpha Design Technologies Pvt Ltd (ADTPL), as reported by the Indian Express (IE). ADTPL works closely with ISRO and DRDO. It also has a Rs 590 crore contract with the Union Ministry of Defence to upgrade Pechora missile and radar systems. Adani and Elara jointly own a 51.65 per cent stake in ADTPL. Elara holds shares predominantly in Adani Group companies. The report by IE showed that its holdings in three companies of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-562830","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/562830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=562830"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/562830\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=562830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=562830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=562830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}