Adani Enterprises is trading at Rs 3016.25, marking a rise of 4.05 points or 0.13% from its previous close of Rs 3012.20 on the BSE.

The stock opened at Rs 2998.95 and reached a high of Rs 3018.35 and a low of Rs 2969.20. A total of 10,288 shares have been exchanged so far.

This BSE 'A' group stock, with a face value of Rs 1, hit a 52-week high of Rs 3743.00 on June 3, 2024, and a 52-week low of Rs 2142.30 on November 20, 2023.

In the last week, the scrip’s high and low were Rs 3150.00 and Rs 2969.20 respectively, while the company’s market capitalization stands at Rs 347,177.56 crore.

The promoter group holds 74.89% of the company, while institutions and non-institutional investors hold 17.75% and 7.36%, respectively.

Adani Enterprises successfully raised Rs 4,200 crore ($500 million) through a Qualified Institutional Placement (QIP) of 1,41,79,608 equity shares at Rs 2,962 per share. The QIP launched on October 9, 2024, and closed on October 15, 2024, attracting bids worth 4.2 times the deal size from a wide range of investors, including global and Indian institutional investors.

This achievement strengthens Adani Enterprises' status as a leader in developing large-scale infrastructure projects in India, with a diverse portfolio that includes airports, roads, renewable energy, and data centers. The company also operates in sectors like copper, PVC, defense, and specialized manufacturing, contributing to India's Atmanirbhar Bharat vision.

The funds raised will be used for capital expenditure, debt repayment, and general corporate needs.

Adani Enterprises is the flagship company of the Adani Group, one of India's largest conglomerates.