Adani Enterprises surges on planning to raise funds through various modes

Adani Enterprises is currently trading at Rs. 2618.75, up by 67.95 points or 2.66% from its previous closing of Rs. 2550.80 on the BSE.

The scrip opened at Rs. 2565.00 and has touched a high and low of Rs. 2622.00 and Rs. 2565.00 respectively. So far 19825 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 2,622.00 on 29-Jul-2022 and a 52 week low of Rs. 1344.60 on 28-Oct-2021.

Adani Enterprises
Adani Enterprises

Last one week high and low of the scrip stood at Rs. 2622.00 and Rs. 2500.00 respectively. The current market cap of the company is Rs. 296633.99 crore.

The promoters holding in the company stood at 72.28%, while Institutions and Non-Institutions held 21.51% and 6.22% respectively.

Adani Enterprises is planning to raise funds by way of issuance of debt securities, by way of private placement or public issue, in one or more tranche or tranches, subject to such regulatory or statutory approvals as may be required and the approval of the members of the Company. The meeting of the board of directors of the company will be held on August 04, 2022 to consider and approve the same.

Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.

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