Adani Enterprises moves up as its arm acquires 29.81% stake in Stark Enterprises
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Adani Enterprises is currently trading at Rs. 2400.00, up by 21.00 points or 0.88% from its previous closing of Rs. 2379.00 on the BSE.
The scrip opened at Rs. 2388.00 and has touched a high and low of Rs. 2408.00 and Rs. 2355.00 respectively. So far 38992 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4189.55 on 21-Dec-2022 and a 52 week low of Rs. 1017.10 on 03-Feb-2023.
Last one week high and low of the scrip stood at Rs. 2428.00 and Rs. 2355.00 respectively. The current market cap of the company is Rs. 271206.27 crore.
The promoters holding in the company stood at 69.23%, while Institutions and Non-Institutions held 22.91% and 7.86% respectively.
Adani Enterprises’ (AEL) wholly owned subsidiary -- Adani Digital Labs (ADL) has acquired 29.81% stake of Stark Enterprises (SEPL) on July 7, 2023. The acquisition is of strategic nature and will help Adani Group to enhance its Travel line of Business. The cost of acquisition is Rs 3.57 crore.
Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.
