Adani and MetTube to form a joint venture.

Adani, an Indian multinational conglomerate, and MetTube, a provider of high-performance copper tubes, agreed to form a joint venture. Financial terms were not disclosed. Adani Enterprises is divesting 50% of its Kutch Copper Tubes to MetTube. Concurrently, AEL will acquire a 50% stake in MetTube Copper India.