Adani Power surges on incorporating wholly owned subsidiary in Abu Dhabi
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Adani Power is currently trading at Rs. 669.45, up by 8.05 points or 1.22% from its previous closing of Rs. 661.40 on the BSE.
The scrip opened at Rs. 665.00 and has touched a high and low of Rs. 670.50 and Rs. 663.15 respectively. So far 44711 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 896.75 on 03-Jun-2024 and a 52 week low of Rs. 289.30 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 701.95 and Rs. 660.00 respectively. The current market cap of the company is Rs. 257064.98 crore.
The promoters holding in the company stood at 72.71%, while Institutions and Non-Institutions held 16.16% and 11.13% respectively.
Adani Power has incorporated wholly owned subsidiary (WOS) with the name ‘Adani Power Middle East’ in Abu Dhabi on August 26, 2024. The object is to invest in power, infrastructure, and related fields.
Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.
