Adani Enterprises inches up as its JV acquires 100% stake in Madhuvanti Build Estate
Adani Enterprises is currently trading at Rs. 2915.00, up by 6.85 points or 0.24% from its previous closing of Rs. 2908.15 on the BSE.
The scrip opened at Rs. 2957.85 and has touched a high and low of Rs. 2970.90 and Rs. 2,913.90 respectively. So far 23399 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3058.70 on 05-Jun-2026 and a 52 week low of Rs. 1753.45 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 3038.00 and Rs. 2896.25 respectively. The current market cap of the company is Rs. 385880.52 crore.
The promoters holding in the company stood at 74.67%, while Institutions and Non-Institutions held 17.50% and 7.83% respectively.
Adani Enterprises’ joint venture (JV) -- AdaniConneX (ACX) has acquired 100% equity stake of Madhuvanti Build Estate (MBEL) from Adani Infra (India). The object of acquisition is to set up infrastructure facilities. The cost of acquisition is Rs 765.25 crore.
Earlier, the company’s wholly owned step-down subsidiary -- Adani Airport City had executed a share purchase agreement with Portus Ventures (PVPL) and existing shareholders of PVPL for acquisition of 100% equity shares in PVPL.
