Adani Enterprises Ltd.

Adani Agro, one of the promoter group companies of Adani Enterprises, is all set to sell 70 lakh shares of the company through bidding route on February 6, 2013.

The company will announce the floor price for auction, which is popularly known as offer for sale route, on February 5, 2013 after trading hours of the stock exchanges. The shares, which are offered for bidding, amount to 0.64% of company’s total equity shares as on December 31, 2012.

At present, Adani Agro holds 8.96% stake in Adani Enterprises.

The company, on consolidated basis, reported 2.17% rise in its net profit at Rs 416.11 crore for the third quarter ended December 31, 2012 as compared to Rs 407.28 crore for the same quarter in the previous year. Total income of the company increased by 50.12% at Rs 13831.48 crore for quarter under review as compared to Rs 9213.58 crore for the quarter ended December 31, 2011.