Adani Transmission hits new 52-week high on incorporating wholly owned subsidiary

Adani Transmission is currently trading at Rs. 3481.80, up by 60.25 points or 1.76% from its previous closing of Rs. 3421.55 on the BSE.

The scrip opened at Rs. 3440.00 and has touched a high and low of Rs. 3529.95 and Rs. 3425.00 respectively. So far 27394 shares were traded on the counter.

adani transmission gains on raising 500 million via notes
adani transmission gains on raising 500 million via notes

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 3,529.95 on 03-Aug-2022 and a 52 week low of Rs. 890.55 on 03-Aug-2021.

Last one week high and low of the scrip stood at Rs. 3,529.95 and Rs. 2961.25 respectively. The current market cap of the company is Rs. 387488.69 crore.

The promoters holding in the company stood at 73.87%, while Institutions and Non-Institutions held 23.44% and 2.70% respectively.

Adani Transmission has incorporated a wholly owned subsidiary company in the name of ‘Adani Transmission Step-Two’ (ATSTL) for transmission, distribution and supply of power and other infrastructure services relating thereto. ATSTL is incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on August 2, 2022 and is yet to commence its business operations.

Adani Transmission is a holding company. The company operates as a power transmission company. It is engaged in transmission of electric energy and trading of castor oil.

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