Adani Ports surges on entering into share purchase agreement with Solar Energy

Adani Ports and Special Economic Zone is currently trading at Rs. 686.30, up by 6.70 points or 0.99% from its previous closing of Rs. 679.60 on the BSE.

Adani Ports
Adani Ports

The scrip opened at Rs. 682.60 and has touched a high and low of Rs. 693.40 and Rs. 677.45 respectively. So far 192921 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. 693.40 and Rs. 657.00 respectively. The current market cap of the company is Rs. 148455.55 crore.

The promoters holding in the company stood at 61.03%, while Institutions and Non-Institutions held 31.02% and 7.95% respectively.

Adani Ports and Special Economic Zone (APSEZ) has entered into Share Purchase Agreement (SPA) with Solar Energy for divestment of 100% equity stake of Coastal International Terminals. Consideration received from such sale/disposal is $30 million based on independent valuers’ report.

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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