Adani Enterprises Share Price on 30 May 2024
Adani Enterprises, a part of the Adani Group, has been given permission to raise capital of Rs 16,600 crore. The company will raise funds through qualified institutional placements and other means.
The company informed the Securities and Exchange Board of India (SEBI) that in the board meeting held on 28 May 2024, a proposal to raise Rs 16,600 crore through equity shares or other eligible securities was passed.
Adani Enterprises’ stock was trading at Rs 3,284.95 on Wednesday, 29 May 2024, up by 1.26%. However, on Thursday (30 May 2024), the share was trading at Rs 3,220, down by 1.18%.
The company will have to wait for the annual general meeting to carry out the fundraising exercise. The company can raise this fund only after the approval of its investors and shareholders in the AGM, which is scheduled to be held on 24 June 2024.
In 2023, Adani Enterprises launched its Follow-on Public Offering (FPO) with a size of Rs 20,000 crore.
In yesterday’s trading session, Adani Enterprises’ share touched a high of Rs 3,313.90. The company’s 52-week high was Rs 3,456.25. In the last six months, the company has given its investors a return of over 47%.
Over the past year, the company’s shares have given its investors a return of 28%. Adani Enterprises’ stock is up by 15% in 2024. The 52-week low for the company’s shares was Rs 2,142.30. The company’s total market capitalization is Rs 3,73,407.37 crore.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
