Adani Enterprises surges as its arm signs joint venture agreement with KOWA
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Adani Enterprises is currently trading at Rs. 2617.25, up by 97.05 points or 3.85% from its previous closing of Rs. 2520.20 on the BSE.
The scrip opened at Rs. 2561.05 and has touched a high and low of Rs. 2618.90 and Rs. 2546.00 respectively. So far 267146 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. 2624.15 and Rs. 2450.20 respectively. The current market cap of the company is Rs. 295146.29 crore.
The promoters holding in the company stood at 67.65%, while Institutions and Non-Institutions held 24.80% and 7.55% respectively.
Adani Enterprises’ (AEL) step down wholly owned subsidiary -- Adani Global, Singapore has signed Joint Venture Agreement with Kowa Holdings Asia, Singapore (KOWA) on September 8, 2023. Joint Venture Agreement records the terms of incorporation of a Joint Venture Company in Singapore in accordance with the terms of the agreement for the sales and marketing of green ammonia, green hydrogen and its derivatives produced and supplied by Adani Group, in the agreed Territory.
Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.
