Wednesday , 22 March 2023
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Adani Enterprises gains as its JV incorporates wholly owned subsidiary

Adani Enterprises is currently trading at Rs. 3995.55, up by 16.45 points or 0.41% from its previous closing of Rs. 3979.10 on the BSE.

Adani Enterprises
Adani Enterprises

The scrip opened at Rs. 3994.00 and has touched a high and low of Rs. 4002.00 and Rs. 3973.00 respectively. So far 7957 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 4098.10 on 16-Nov-2022 and a 52 week low of Rs. 1529.55 on 24-Feb-2022.

Last one week high and low of the scrip stood at Rs. 4091.40 and Rs. 3946.00 respectively. The current market cap of the company is Rs. 453805.95 crore.

The promoters holding in the company stood at 72.63%, while Institutions and Non-Institutions held 20.92% and 6.45% respectively.

Adani Enterprises’ joint venture (JV) — AdaniConnex has incorporated a Wholly Owned Subsidiary namely, DC Development Noida Two (DCDNTL), with an initial authorized and paid-up share capital of Rs 1 lakh each, to, inter-alia, undertake business to develop, operate, maintain, deal with data centers, Information Technology (IT) / Information Technology Enabled Services (ITES) / Cloud, providing services related thereto and to undertake activities associated with its infrastructure development including land acquisition & development for the said purpose. DCDNTL will commence its business operations in due course. AdaniConneX is joint venture of Adani Enterprises with EdgeConneX.

Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.