Adani Enterprises surges on incorporating wholly owned subsidiary company
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Adani Enterprises is currently trading at Rs. 569.65, up by 5.55 points or 0.98% from its previous closing of Rs. 564.10 on the BSE.

The scrip opened at Rs. 568.20 and has touched a high and low of Rs. 574.60 and Rs. 558.75 respectively. So far 160721 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 574.60 on 03-Feb-2021 and a 52 week low of Rs. 116.25 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 574.60 and Rs. 497.90 respectively. The current market cap of the company is Rs. 62843.15 crore.

The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 21.50% and 3.59% respectively.

Adani Enterprises has incorporated a wholly owned subsidiary namely, Azhiyur Vengalam Road, on February 01, 2021. The Company has incorporated a new Wholly Owned Subsidiary to carry out the development, maintenance and management of the project ‘Six Laning of Azhiyur to Vengalam section of NH-17 (New NH-66) from Des. Ch.189 plus200 (Ex. km 188 plus 000) to Des.Ch. 232 plus100 (Ex. km 230 plus 400) [except 6 laning of Paloli to Moorad section from Des. Ch. 203 plus 000 (Ex. km 201 plus 590) to Des.Ch. 205 plus100 (Ex. Km 203 plus 900)] in the State of Kerala on Hybrid Annuity Mode under Bharatmala Pariyojna' and to do all necessary and incidental activities in this regard.

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.
 

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