Adani Enterprises rises as its arm acquires 49% stake in UAE based entity Sirius Digitech
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Adani Enterprises is currently trading at Rs. 2802.00, up by 35.25 points or 1.27% from its previous closing of Rs. 2766.75 on the BSE.
The scrip opened at Rs. 2791.25 and has touched a high and low of Rs. 2803.75 and Rs. 2771.10 respectively. So far 7016 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. 1858.95 on 17-May-2023.
Last one week high and low of the scrip stood at Rs. 2996.00 and Rs. 2757.65 respectively. The current market cap of the company is Rs. 315409.81 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’ wholly owned subsidiary -- Adani Global, Mauritius has executed a Share Purchase and Shareholders’ Agreement pursuant to which Adani Global has acquired 49% stake in a UAE based entity named Sirius Digitech from Sirius International Holding on May 6, 2024. Cost of acquisition is $24,500.
The target entity (Sirius Digitech) shall engage in the business of deploying an integrated ecosystem of digital platforms and identified technology solutions, leveraging inter alia, artificial intelligence, machine learning, internet of things, cybersecurity and/or blockchain, across industries and areas, including FinTech, Healthtech, and Greentech, and providing access to such solutions across the Indian and global markets.
Adani Enterprises is the flagship company of Adani Group, one of India’s largest business organisations.
