Adani Ports gains after paying SBI Mutual Funds’ due amount of Rs 1,500 crore

Adani Ports and Special Economic Zone is currently trading at Rs. 585.40, up by 5.75 points or 0.99% from its previous closing of Rs. 579.65 on the BSE.

Adani Ports
Adani Ports

The scrip opened at Rs. 585.00 and has touched a high and low of Rs. 593.85 and Rs. 579.60 respectively. So far 471886 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 987.90 on 20-Sep-2022 and a 52 week low of Rs. 394.95 on 03-Feb-2023.

Last one week high and low of the scrip stood at Rs. 593.85 and Rs. 560.05 respectively. The current market cap of the company is Rs. 126670.55 crore.

The promoters holding in the company stood at 65.13%, while Institutions and Non-Institutions held 28.25% and 6.62% respectively.

Adani Ports and Special Economic Zone (APSEZ) has paid Rs 1,500 crore loan and promised to repay more as the embattled conglomerate mapped a comeback strategy after a sellout triggered by a damning report by US-based Hindenburg Research.

The company paid SBI Mutual Funds’ due amount of Rs 1,500 crore and will also pay another Rs 1,000 crore of commercial papers due in March (as per the payment scheme).

Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.

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