Adani Enterprises trades higher as its JV incorporates wholly-owned subsidiary
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Adani Enterprises is currently trading at Rs. 1790.75, up by 7.25 points or 0.41% from its previous closing of Rs. 1783.50 on the BSE.
The scrip opened at Rs. 1792.00 and has touched a high and low of Rs. 1799.45 and Rs. 1765.10 respectively. So far 38924 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1908.55 on 18-Jan-2022 and a 52 week low of Rs. 622.10 on 10-Feb-2021.
Last one week high and low of the scrip stood at Rs. 1799.45 and Rs. 1678.20 respectively. The current market cap of the company is Rs. 196481.07 crore.
The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 22.21% and 2.87% respectively.
AdaniConnex, a 50:50 joint venture of Adani Enterprises and EdgeConnex Europe BV, has incorporated a wholly-owned subsidiary (WOS) namely, Pune Data Center (PDCL), on February 9, 2022, with an Initial Authorized and Paid-Up Share Capital of Rs 1,00,000 each, to, inter alia, undertake business to develop, operate, maintain, deal with data centers, Information Technology (IT) / Information Technology Enabled Services (ITES) / Cloud, providing services related thereto and to undertake activities associated with its infrastructure development including land acquisition 8- development for the said purpose. PDCL 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.
