Adani Enterprises inches up as its arm completes acquisition of minority stake in Forsight Robotics
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Adani Enterprises is currently trading at Rs. 2151.00, up by 9.15 points or 0.43% from its previous closing of Rs. 2141.85 on the BSE.
The scrip opened at Rs. 2157.00 and has touched a high and low of Rs. 2164.00 and Rs. 2125.60 respectively. So far 41105 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2198.00 on 05-Apr-2022 and a 52 week low of Rs. 1051.40 on 13-Apr-2021.
Last one week high and low of the scrip stood at Rs. 2198.00 and Rs. 1990.00 respectively. The current market cap of the company is Rs. 235562.82 crore.
The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 22.21% and 2.87% respectively.
Adani Enterprises’ Wholly Owned Subsidiary -- Adani Global, Mauritius has completed the acquisition of minority stake by way of newly issued shares of Forsight Robotics, a company incorporated under the laws of the State of Israel (Forsight) pursuant to the definitive agreements entered with Forsight and other investors in Forsight. The cost of acquisition is $20 million.
The acquisition is in furtherance of the strategic objectives of the Adani Enterprises to undertake investments which provide synergistic benefits to the existing businesses of the Adani Group.
Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.
