AACL Global IFSC Limited: Adani Airport City’s Treasury Arm
Why in the news
An Adani group airport company created a new entity in the International Financial Services Centre to handle its treasury work.
Key facts
- New entity: AACL Global IFSC Limited.
- Parent: Adani Airport City Limited, a wholly owned relationship, within Adani Airport Holdings.
- Role: Global Treasury Centre.
- Regulator: IFSCA (International Financial Services Centres Authority).
- Scope: permitted treasury and finance-linked activities carried out from the IFSC.
Exam angle
- Term to remember: Global Treasury Centre in an IFSC.
- Regulator named: IFSCA.
- Corporate structure: wholly owned subsidiary.