Adani Green Energy spurts as its arm incorporates wholly owned subsidiary
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Adani Green Energy is currently trading at Rs. 1475.60, up by 48.50 points or 3.40% from its previous closing of Rs. 1427.10 on the BSE.
The scrip opened at Rs. 1432.25 and has touched a high and low of Rs. 1540.35 and Rs. 1432.25 respectively. So far 87528 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2185.30 on 18-Jan-2023 and a 52 week low of Rs. 439.35 on 28-Feb-2023.
Last one week high and low of the scrip stood at Rs. 1670.00 and Rs. 1375.00 respectively. The current market cap of the company is Rs. 237715.75 crore.
The promoters holding in the company stood at 56.26%, while Institutions and Non-Institutions held 19.65% and 24.08% respectively.
Adani Green Energy’s wholly-owned subsidiary -- Adani Saur Urja (KA) has incorporated its Wholly-owned subsidiary, namely, Adani Renewable Energy Fifty One (ARE51L) on December 13, 2023. The main objective of the new subsidiary is to generate, develop, transform, distribute, transmit, sale, supply any kind of power or electrical energy using wind energy, solar energy or other renewable sources of energy.
Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.
