Adani Enterprises Ltd.

BSE: 512599 | NSE: ADANIENT
Large Cap | Trading
2137.25
-19.45 (-0.90%)
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Adani Enterprises rises as its arm acquires 74% stake in Mundra Solar Energy

Date: 24-05-2021

Adani Enterprises is currently trading at Rs. 1320.05, up by 5.25 points or 0.40% from its previous closing of Rs. 1314.80 on the BSE.

The scrip opened at Rs. 1316.10 and has touched a high and low of Rs. 1329.00 and Rs. 1314.00 respectively. So far 129685 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1350.50 on 19-May-2021 and a 52 week low of Rs. 136.85 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 1350.50 and Rs. 1227.15 respectively. The current market cap of the company is Rs. 145141.94 crore.

The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 21.34% and 3.74% respectively.

Adani Enterprises’ Wholly Owned LLP -- Adani Tradecom has acquired 74% shareholding of Mundra Solar Energy (MSEL) on May 21, 2021. MSEL is incorporated to manufacture crystalline silicon solar PV cells and modules and ancillary operations. This acquisition will bring synergy in its current manufacturing operations and enhance the market share by its brand value.

Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.