Adani Enterprises moves up on incorporating Wholly Owned Subsidiary
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Adani Enterprises is currently trading at Rs. 2362.35, up by 27.75 points or 1.19% from its previous closing of Rs. 2334.60 on the BSE.
The scrip opened at Rs. 2352.00 and has touched a high and low of Rs. 2381.20 and Rs. 2341.90 respectively. So far 23962 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. 1123.40 on 03-May-2021.
Last one week high and low of the scrip stood at Rs. 2420.00 and Rs. 2241.55 respectively. The current market cap of the company is Rs. 260402.03 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 has incorporated a Wholly Owned Subsidiary (WOS) namely, Puri Natural Resources (PNRL), on April 27, 2022, with an Initial Authorized and Paid-Up Share Capital of Rs 10,00,000 each to, interalia, carry on manufacturing and processing of minerals, TiO2 Slag manufacturing, Pigment manufacturing etc. and to do all necessary and incidental activities in this regard. PNRL will commence its business operations in due course.
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.
