Adani Enterprises Ltd. (AEL), a prominent part of the Adani Group has made a significant acquisition by purchasing a 26% equity stake in Gidhmuri Paturia Collieries Pvt. Ltd. (GPCPL). This acquisition marks an important step in AEL’s ongoing strategy to expand its presence in the mining sector. With this move, GPCPL becomes a wholly-owned subsidiary of AEL.
By this deal, Adani Enterprises Limited has acquired 2600 equity shares of the face value of ₹10 each constituting 26% of the share capital of GPCPL for an aggregated investment of ₹26,000. The main goal behind this deal is to develop and operate the mines of coals and other minerals.
Adani Enterprises Limited is a part of the Adani portfolio of companies, known for their successful execution of large-scale projects in the energy and infrastructure sectors in India.
Adani Enterprises Limited is recognized as India’s one of the largest listed businesses, with a focus on 4 major sectors that are: energy and utility, consumer goods, primary industry, transportation and logistics. The current market capitalisation of Adani Enterprises Ltd. stands at ₹2,80,000 crores.
As of December 27, 2024, 1:21 PM, the shares of Adani Enterprises are trading at ₹2,423.45 per share with a surge of 0.97% from its previous day’s closing price. Over the last month, the stock has seen a surge of 1.06%. While over the year the stock has declined by 14.80% the stock has a 52-week high and 52-week low of ₹3,743.90 per share and ₹2,025.00 per share respectively.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
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