Adani Enterprises surges as its arm incorporates wholly owned subsidiary in Macau
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Adani Enterprises is currently trading at Rs. 2217.35, up by 68.40 points or 3.18% from its previous closing of Rs. 2148.95 on the BSE.
The scrip opened at Rs. 2158.00 and has touched a high and low of Rs. 2232.00 and Rs. 2158.00 respectively. So far 62355 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4189.55 on 21-Dec-2022 and a 52 week low of Rs. 1017.10 on 03-Feb-2023.
Last one week high and low of the scrip stood at Rs. 2251.00 and Rs. 2142.30 respectively. The current market cap of the company is Rs. 252823.75 crore.
The promoters holding in the company stood at 72.61%, while Institutions and Non-Institutions held 20.17% and 7.22% respectively.
Adani Enterprises’ step-down subsidiary -- Mumbai Travel Retail has completed the incorporation process of its wholly owned subsidiary namely ‘MTRPL Macau (MML)’ in Macau on November 20, 2023. Registration process of MML with the Macau Company Registry, Macau has been completed on November 20, 2023.
MML is incorporated for the purpose of bidding of the tender of Duty-Free Liquor & Tobacco Shops at Macau International Airport. MML is yet to commence its business operations.
Adani Enterprises is the flagship company of Adani Group, one of India’s largest business organisations.
