Adani Ports climbs on incorporating wholly owned subsidiary company
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Adani Ports and Special Economic Zone is currently trading at Rs. 706.35, up by 18.05 points or 2.62% from its previous closing of Rs. 688.30 on the BSE.
The scrip opened at Rs. 699.90 and has touched a high and low of Rs. 707.75 and Rs. 693.60 respectively. So far 80269 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 901.00 on 09-Jun-2021 and a 52 week low of Rs. 638.00 on 18-Jun-2021.
Last one week high and low of the scrip stood at Rs. 724.50 and Rs. 664.00 respectively. The current market cap of the company is Rs. 148447.03 crore.
The promoters holding in the company stood at 63.83%, while Institutions and Non-Institutions held 31.18% and 4.99% respectively.
Adani Ports and Special Economic Zone (APSEZ) has incorporated a wholly owned subsidiary company namely ‘HDC Bulk Terminal’ on March 7, 2022. HDC Bulk Terminal has been incorporated as a wholly owned subsidiary of the Company for carrying out the project i.e. mechanization of Berth No 2 on Design, Build, Finance, Operate, Transfer (DBFOT) basis at Haldia Dock Complex Syama Prasad Mookerjee Port, Kolkata. Cost of acquisition is Rs 5 lakh (50,000 Equity Shares of Rs 10 each).
Adani Ports and Special Economic Zone (APSEZ), a part of globally diversified Adani Group, is the largest integrated logistics player in India.
