Adani Ports gains on incorporating wholly owned subsidiary company

Adani Ports is currently trading at Rs. 661.00, up by 8.50 points or 1.30% from its previous closing of Rs. 652.50 on the BSE.

The scrip opened at Rs. 656.55 and has touched a high and low of Rs. 665.55 and Rs. 651.00 respectively. So far 439002 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 676.70 on 19-Feb-2021 and a 52 week low of Rs. 203.40 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 676.70 and Rs. 611.15 respectively. The current market cap of the company is Rs. 134684.82 crore.

The promoters holding in the company stood at 63.74%, while Institutions and Non-Institutions held 33.50% and 2.76% respectively

Adani Ports and Special Economic Zone (APSEZ) has incorporated a wholly owned subsidiary company ‘Aqua Desilting’ on February 19, 2021.  The Company has incorporated as a wholly owned subsidiary of the Company for carrying out business of dredging / desiltation and sale / disposal of such desilted material from sea, river, dams, other water bodies etc

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

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