Adani Green Share Price 📈
Investors of Adani Green Energy Company are making good money as the company announces a $750 million repayment in bonds issued eight months ago to boost investor confidence.
Adani Green Energy, a company of Adani Group, raised $75 million through non-convertible debentures, which will mature in September 2024. As a result, the company has announced a repayment of $4.375 million on September 9, 2024, from the $750 million notes due to mature on the same day.
On Tuesday, January 9, 2024, Adani Green Energy shares closed at ₹1,684, showing a 0.24% increase. On Wednesday, January 10, 2024, the shares traded at ₹1,716, recording a 1.91% increase.
The company stated in a statement that it has deposited $169 million through reserved domestic revenue accounts. Additionally, it recently received a $300 million investment in a joint venture with Total Energies. The remaining $281 million will be raised by allocating preferential stock to the promoter.
During Monday’s trading session, Adani Green Energy shares traded at ₹1,712.50 with a 2.3% increase. In the previous week’s trading session, the shares closed at ₹1,673.70.
In the past month, Adani Green Energy shares have given investors a 10% return. Over the last six months, the share price of Adani Green Energy has increased by 75%. In the past five years, the company’s shares have provided a return of 4,136.48% to its investors. The shares were trading at ₹40 five years ago and are now trading at ₹1,684.
On February 28, 2023, Adani Green Energy shares were trading at a low of ₹439.35 after 52 weeks. The highest price for the shares was ₹2,185.30. The total market capitalization of Adani Green Energy is ₹2,66,323.38 crore.
Adani Green Energy is known as India’s largest and the world’s leading renewable energy producer. The company is involved in developing solar, wind, and hybrid renewable energy plants connected to the grid. Adani Green Energy operates a total of 8.4 gigawatts of power plants in 12 states in India.
With its recent financial announcements and strong market performance, Adani Green Energy continues to solidify its position as a key player in the renewable energy sector. Investors are reaping the benefits of their investments as the share price continues to rise.
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