Adani Enterprises shines as its JV acquires 100% stake of Granthik Realtors
Adani Enterprises is currently trading at Rs. 2625.05, up by 39.05 points or 1.51% from its previous closing of Rs. 2586.00 on the BSE.
The scrip opened at Rs. 2590.00 and has touched a high and low of Rs. 2633.25 and Rs. 2583.15 respectively. So far 10513 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3258.40 on 01-Aug-2024 and a 52 week low of Rs. 2026.90 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 2633.25 and Rs. 2425.15 respectively. The current market cap of the company is Rs. 299625.32 crore.
The promoters holding in the company stood at 73.97%, while Institutions and Non-Institutions held 18.57% and 7.46% respectively.
Adani Enterprises’ joint venture (JV) company -- AdaniConneX (ACX) has completed the acquisition of 100% stake of Granthik Realtors (GRPL) from Windson Projects LLP (WP) and its Nominees by execution of share purchase agreement (SPA). The object of acquisition is for the development of various infrastructure facilities. The acquisition is done at a purchase consideration of Rs 85.99 crore.
While GRPL is yet to commence commercial activities, it owns a sizeable land parcel and have secured key licenses to commence infrastructure activities, which would give a head start to ACX.
Adani Enterprises (AEL), the flagship company of the Adani Group, is one of India’s largest business organisations. The company has enhanced value for stakeholders by building prominent infrastructure assets and widening its presence across a range of sectors directed towards responsible nation-building.
