25-09-2024 03:29 PM | Source: Accord Fintech
Adani Enterprises inches up on incorporating wholly owned subsidiary

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Adani Enterprises is currently trading at Rs. 3093.70, up by 1.30 points or 0.04% from its previous closing of Rs. 3092.40 on the BSE.

The scrip opened at Rs. 3105.25 and has touched a high and low of Rs. 3124.00 and Rs. 3081.75 respectively. So far 26694 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3743.00 on 03-Jun-2024 and a 52 week low of Rs. 2142.30 on 20-Nov-2023.

Last one week high and low of the scrip stood at Rs. 3124.00 and Rs. 2892.00 respectively. The current market cap of the company is Rs. 353155.25 crore.

The promoters holding in the company stood at 74.72%, while Institutions and Non-Institutions held 17.76% and 7.52% respectively.

Adani Enterprises (AEL) has incorporated a wholly owned subsidiary (WOS) company by name ‘Adani GCC’ on September 24, 2024. The Certificate of Incorporation for the same is received on September 25, 2024. 

The said WOS has been incorporated to provide all kinds of services including business transformation services and back office services including Finance & Accounts, Human Resources, Information Technology Services (ITS), Information Technology Enabled Services (ITeS), Digital Transformation Services (DTS), Data Entry, Processing, Mining & Analytics, Business Process Management, Services & Consulting, supply-chain, procurement, administrative, logistical and other support services of all kinds on shared basis. 

Adani Enterprises is the flagship company of Adani Group, one of India’s largest business organisations.