Adani Ports surges on incorporating wholly owned subsidiary

Adani Ports and Special Economic Zone is currently trading at Rs. 817.70, up by 1.45 points or 0.18% from its previous closing of Rs. 816.25 on the BSE.

Adani Ports
Adani Ports

The scrip opened at Rs. 821.10 and has touched a high and low of Rs. 825.40 and Rs. 801.00 respectively. So far 183961 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. 652.05 on 24-Feb-2022.

adani ports news Last one week high and low of the scrip stood at Rs. 910.00 and Rs. 801.00 respectively. The current market cap of the company is Rs. 171725.38 crore.

The promoters holding in the company stood at 66.02%, while Institutions and Non-Institutions held 29.30% and 4.65% respectively.

Adani Ports and Special Economic Zone (APSEZ) has incorporated a Wholly Owned Subsidiary (WOS) namely, Adani Aviation Fuels (AAFL), on September 29, 2022 with an Initial Authorized Share Capital of Rs 5,00,000 and Paid-Up Share Capital of Rs 5,00,000 each to, inter alia, carry on business of sourcing, transporting, supplying & trading of Aviation related fuels, constructing, developing, managing, maintaining, building, equip, hiring of infrastructure related to the business within and outside India. AAFL will commence its business operations in due course.

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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