Adani Ports rises as its arm incorporates wholly owned subsidiary

Adani Ports and Special Economic Zone is currently trading at Rs. 608.50, up by 6.35 points or 1.05% from its previous closing of Rs. 602.15 on the BSE.

Adani Ports
Adani Ports

The scrip opened at Rs. 602.15 and has touched a high and low of Rs. 614.10 and Rs. 585.00 respectively. So far 523029 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 987.90 on 20-Sep-2022 and a 52 week low of Rs. 394.95 on 03-Feb-2023.

Last one week high and low of the scrip stood at Rs. 615.85 and Rs. 543.50 respectively. The current market cap of the company is Rs. 130072.77 crore.

The promoters holding in the company stood at 65.13%, while Institutions and Non-Institutions held 28.25% and 6.62% respectively.

Adani Ports and Special Economic Zone’s (APSEZ) step down subsidiary — Adani Agri Logistics (AALL) has incorporated wholly owned subsidiary namely ‘HM Agri Logistics’ on February 28, 2023. HM Agri Logistics has been incorporated for the purpose of development, design, construction, financing, procurement, engineering, operation and maintenance of Silo Complexes (Spoke Silo Complex) without Container Depot on Design, Build, Finance, Own and Operate basis under PPP mode at various locations across India. The Cost of acquisition is Rs 5,00,000 (50,000 Equity Shares of Rs 10 each).

Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.

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