Adani Enterprises rises on incorporating wholly owned subsidiary
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Adani Enterprises is currently trading at Rs. 2207.95, up by 9.15 points or 0.42% from its previous closing of Rs. 2198.80 on the BSE.
The scrip opened at Rs. 2185.90 and has touched a high and low of Rs. 2209.00 and Rs. 2157.00 respectively. So far 27364 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2294.00 on 11-Apr-2022 and a 52 week low of Rs. 1060.40 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 2294.00 and Rs. 2105.90 respectively. The current market cap of the company is Rs. 241974.72 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 has incorporated wholly owned subsidiary namely ‘Alluvial Heavy Minerals’ (AHML), on April 13, 2022, with an Initial Authorized and Paid-Up Share Capital of Rs 10 lakh each to, interalia, carry on manufacturing and processing of minerals, Ti02 Slag manufacturing, Pigment manufacturing etc. and to do all necessary and incidental activities in this regard. AHML 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.
