Adani Enterprises inches up as its arm incorporates JV Company in Singapore
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Adani Enterprises is currently trading at Rs. 3108.25, up by 2.30 points or 0.07% from its previous closing of Rs. 3105.95 on the BSE.
The scrip opened at Rs. 3129.25 and has touched a high and low of Rs. 3145.05 and Rs. 3103.15 respectively. So far 57588 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3349.35 on 04-Mar-2024 and a 52 week low of Rs. 1775.80 on 24-Apr-2023.
Last one week high and low of the scrip stood at Rs. 3247.00 and Rs. 3098.25 respectively. The current market cap of the company is Rs. 354375.05 crore.
The promoters holding in the company stood at 72.61%, while Institutions and Non-Institutions held 20.18% and 7.21% respectively.
Adani Enterprises’ step-down subsidiary -- Mumbai Travel Retail (MTRPL) has completed the incorporation process of a joint venture (JV) company namely ‘KING POWER OSPREE PTE.’ (KPO) in Singapore on April 16, 2024 (confirmation of the same has been received by the Company on April 16, 2024) with KING Power international Pte., Singapore. MTRPL shall hold 50% share capital of KPO. KPO is incorporated for the purpose of retail and wholesale business.
Adani Enterprises is the flagship company of Adani Group, one of India’s largest business organisations.
