Adani Enterprises rises on getting nod to raise funds up to Rs 20,000 crore
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Adani Enterprises is currently trading at Rs. 3916.95, up by 13.60 points or 0.35% from its previous closing of Rs. 3903.35 on the BSE.
The scrip opened at Rs. 3892.00 and has touched a high and low of Rs. 3925.00 and Rs. 3871.30 respectively. So far 24740 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4098.10 on 16-Nov-2022 and a 52 week low of Rs. 1529.55 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 4060.00 and Rs. 3822.00 respectively. The current market cap of the company is Rs. 446310.44 crore.
The promoters holding in the company stood at 72.63% while Institutions and Non-Institutions held 20.92% and 6.45% respectively.
Adani Enterprises has received an approval for raising of funds by way of a further public offering through a fresh issue of Equity Shares by the Company aggregating up to Rs 20,000 crore. The board of directors of the Company at its meeting held on November 25, 2022, approved the same.
Besides, the company is going to seek approval of the shareholders for the aforesaid issuance by way of postal ballot process.
Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.
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