
Adani Enterprises Q1 profit jumps 44%; revenue falls 38%
Revenue drops 38% year-on-year to ₹25,438 crore in the first quarter
Revenue drops 38% year-on-year to ₹25,438 crore in the first quarter
Gautam Adani-led conglomerate last year signed a deal to acquire a 100% stake in Swarna Tollway Pvt Ltd and 56.8% Gujarat Road and Infrastructure Company Ltd
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Adani Enterprises stock jumps 17% in intraday trade to ₹2,303.50 apiece on the NSE.
Shares of Adani Enterprises jumped as much as 5% to ₹1,842 apiece on the NSE.
Dow Jones will remove Adani Enterprises from its sustainability indices with effect from February 7, 2023.
The Adani Group company says it aims to protect the interest of its investing community by returning the FPO proceeds.
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Adani Enterprises' secondary share sale opened for subscription on January 27 and will end on January 31.
The Gautam Adani-led company will now seek approval of the shareholders for the follow-on public offer (FPO).