Adani Enterprises surges as its Group repays loans of $2.65 billion to complete prepayment programme
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Adani Enterprises is currently trading at Rs. 1925.10, up by 28.65 points or 1.51% from its previous closing of Rs. 1896.45 on the BSE.
The scrip opened at Rs. 1902.00 and has touched a high and low of Rs. 1985.00 and Rs. 1902.00 respectively. So far 529274 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. 2135.00 and Rs. 1821.00 respectively. The current market cap of the company is Rs. 220476.22 crore.
The promoters holding in the company stood at 72.63% while Institutions and Non-Institutions held 20.84% and 6.53% respectively.
Adani Group has repaid loans aggregating $2.65 billion to complete a prepayment programme ahead of the March 31 deadline to cut overall leverage. It has repaid $2.15 billion of loans that were taken by pledging shares in the conglomerate’s listed firms and also another $500 million in loans taken for the acquisition of Ambuja Cement.
Earlier, it had pre-paid Rs 7,374 crore (about $902 million) loans that were taken pledging shares in four group companies. This has now been scaled up to $2.15 billion.
Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.
