Adani Enterprises jumps as its arm to acquire 49% stake in QBML
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Adani Enterprises is currently trading at Rs. 2112.45, up by 57.40 points or 2.79% from its previous closing of Rs. 2055.05 on the BSE.
The scrip opened at Rs. 2099.00 and has touched a high and low of Rs. 2150.00 and Rs. 2058.10 respectively. So far 48684 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2420.00 on 27-Apr-2022 and a 52 week low of Rs. 1201.10 on 14-Jun-2021.
Last one week high and low of the scrip stood at Rs. 2243.55 and Rs. 2012.10 respectively. The current market cap of the company is Rs. 241908.24 crore.
The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 22.31% and 2.77% respectively.
Adani Enterprises’ wholly owned subsidiary -- AMG Media Networks has signed shareholders agreement with Quintillion Media (QML) and Quintillion Business Media (QBML) and Share Purchase agreement with QML, QBML and Quint Digital Media (QDML) on May 13, 2022 in connection with its proposed acquisition of 49% stake in QBML.
Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal min ing, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.
