Adani Enterprises rises on acquiring 100% stake in SIBIA

Adani Enterprises is currently trading at Rs. 3774.50, up by 4.85 points or 0.13% from its previous closing of Rs. 3769.65 on the BSE.

Adani Enterprises
Adani Enterprises

The scrip opened at Rs. 3761.90 and has touched a high and low of Rs. 3791.00 and Rs. 3746.20 respectively. So far 26266 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 4189.55 on 21-Dec-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. 3944.90 and Rs. 3617.00 respectively. The current market cap of the company is Rs. 429877.32 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 (AEL) has acquired 100% stake of SIBIA Analytics and Consulting Services (SIBIA) on December 27, 2022. The acquisition is of strategic nature and will help Adani Group to enhance its AI / ML capabilities. Cost of acquisition is Rs 14.80 crore.

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

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