Adani Group’s flagship company Adani Enterprises and the promoters of Adani Ports & SEZ have acquired additional stakes in both the companies.
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The promoters of Adani Enterprises have acquired an additional 2.06 per cent stake in the company, taking the promoters’ stake to 71.93 per cent from 69.87 per cent earlier, a filing to the exchange said.
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, The market value of Adani Group shares is Rs. 11 lakh crore has been crossed
Similarly, the promoters of Adani Ports and SEZ have acquired an additional 2.17 per cent stake in the company, taking the promoters’ stake to 65.23 per cent from 63.06 per cent earlier, according to a filing with the exchange.
It may be noted that the total market capitalization of Adani Group crossed the Rs 11 lakh crore mark on Friday itself due to continuous buying by local and international investors. The group, which operates in sectors ranging from ports to power, on Friday saw its market capitalization rise by Rs. 7,039 crore was added, which on Thursday was Rs. 10.96 lakh crore, the total market value of the 10 listed companies of the group rose to Rs. 11.02 lakh crore was taken. was
Analysts say the surge in Adani Group shares is due to the group’s strategic focus, fundraising initiatives and continued buying interest as the group continues to grow its infrastructure and energy businesses.
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