Adani Enterprises is currently trading at Rs. 3016.25, up by 4.05 points or 0.13% from its previous closing of Rs. 3012.20 on the BSE.
The scrip opened at Rs. 2998.95 and has touched a high and low of Rs. 3018.35 and Rs. 2969.20 respectively. So far 10288 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3743.00 on 03-Jun-2024 and a 52 week low of Rs. 2142.30 on 20-Nov-2023.
Last one week high and low of the scrip stood at Rs. 3150.00 and Rs. 2969.20 respectively. The current market cap of the company is Rs. 347177.56 crore.
The promoters holding in the company stood at 74.89%, while Institutions and Non-Institutions held 17.75% and 7.36% respectively.
Adani Enterprises has successfully completed the Qualified Institutional Placement (QIP) of equity shares of face value of Rs 1 each of the company (Equity Shares) aggregating to approximately Rs 4,200 crore ($500 million). A total of 1,41,79,608 Equity Shares were allocated at an issue price of Rs 2,962 per Equity Share through the QIP.
The transaction was launched post-market hours on October 09, 2024 with a deal size of around Rs 4,200 crore ($500 million) and closed on October 15, 2024. The QIP saw overwhelming demand, receiving bids of approximately 4.2x of the deal size from a diverse group of investors, including global long-only investors, major Indian mutual funds, and insurance companies.
This milestone underscores company’s position as India’s largest listed incubator of scalable and large businesses in core infrastructure which addresses the needs of India.
The company's current incubation portfolio includes airports and roads in the transport and logistics sector, new energy ecosystem (including solar and wind manufacturing) and data centres in the energy and utility sector. The company's other businesses including copper, PVC, defense and specialized manufacturing, focus on import substitution and addresses India's vision of Atmanirbhar Bharat.
The proceeds from the QIP will be utilized for funding capital expenditure, debt repayment and general corporate purposes.
Adani Enterprises is the flagship company of Adani Group, one of India’s largest business organisations.
| Company Name | CMP |
|---|---|
| Redington | 234.90 |
| Adani Enterprises | 2218.35 |
| Amrapali Industries | 17.53 |
| Rashi Peripheral | 455.25 |
| PDS | 301.45 |
| View more.. | |
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