Eight of ten Adani group stocks were trading in green, barring Transmission and Total Gas, with the conglomerate’s cumulative m-cap rising to ₹9.04 lakh crore.
In November last year, Adani Power signed a pact to sell its 100% stake in its wholly-owned subsidiary SPPL to ACX.
The management is hopeful to obtain financial closure for Mudra petrochemical project in next six months, says Adani Group spokesperson.
On Friday, Adani Enterprises share price declined as much as 6.8% to ₹1,899 on the BSE, in sync with the broader market.
The NSE has placed Adani Enterprises, Adani Power, and Adani Wilmar under the short-term ASM framework from March 9.
Adani Enterprises will move out of the short-term additional surveillance measure (ASM) framework of the National Stock Exchange with effect from March 8
With the repayment, a total of around 193 million shares of four Adani-listed company shares will be released
Adani Enterprises shares rebounded nearly 80% in just five sessions, from ₹1,193.50 on February 27, to ₹2,135 intraday today.
GQG has acquired 3.4% stake in Adani Enterprises, 4.1% in Adani Ports, 2.5% in Adani Transmission, and 3.5% in Adani Green Energy.
Adani Enterprises shares surged over 31% in two sessions amid a report that Gautam Adani-led conglomerate is planning to prepay or repay share-backed loans.
