Adani Enterprises gains 3% as promoter firm buys 2% stake via open market
.webp)
Shares of Adani Enterprises hit a three-month high at Rs 2,720.65, as they gained 3 per cent on the BSE in Tuesday’s intra-day trade after founder firm Kempas Trade and Investment bought 25.3 million shares or 2.22 per cent stake in the company from the open market between Aug 7 to Aug 18.
The stock of Gautam Adani Group’s flagship company was trading at its highest level since May 24, 2023. In was quoting higher for the fourth straight trading day, and has rallied 11 per cent during the period. In comparison, the S&P BSE Sensex was up 0.14 per cent at 65,308 at 09:30 AM.
In an exchange filing disclosure, Adani Enterprises said that Kempas Trade and Investment acquired 25.3 million equity shares representing 2.22 per cent stake in the company from the open market between Aug 7 and Aug 18. Post acquisition, total promoters holding in the company increased to 69.87 per cent from 67.65 per cent.
Meanwhile, Adani Enterprises has also incorporated a wholly-owned subsidiary Sirius Digitech International to provide digital solutions and services.
Adani Airport Holdings (AAHL), the flagship holding company of Adani Group for its airports business and a wholly owned subsidiary of Adani Enterprises has too incorporated a Joint Venture Company namely “Tabemono True Aromas Private Limited” on Monday, August 21, 2023 with Travel Food Services Private Limited for the purpose of strategic partnership to develop, operate and maintain various hospitality services and formats at multiple locations.
Other Latest News
.webp)
After Haryana, the BJP would also sweep the upcoming assembly elections in Maharashtra and Jharkhand, BJP president J P Nadda asserted on Friday.
Nadda, who paid obeisance at the Shri Naina Devi temple here, said the people were happy with the performance of the BJP government at the Centre led by Prime Minister Narendra Modi.
.webp)
Noel Tata, half-brother of the late Ratan Tata, has been unanimously elected as the chairman of Tata Trusts following the passing of the legendary industrialist Ratan Tata, CNBC-TV18 reported on Friday. Noel Tata is already a key trustee of the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust. He will now lead the trusts that hold a controlling stake in Tata Sons, the primary holding company of the Tata Group.
The move has long been anticipated, given Noel Tata’s close involvement with Tata Trusts and his extensive experience within the conglomerate.
.webp)
After the Haryana poll debacle, Congress MP and LoP Rahul Gandhi attended the review meeting called by party president Mallikarjun Kharge at his residence in Delhi. Among those present were the party's Haryana observers Ashok Gehlot, Ajay Maken, Deepak Babaria and KC Venugopal.
Sources said that the Congress MP remained largely quite, but when his turn came, he observed two things; one being that Electronic Voting Machines (EVM) and the Election Commission of India (EC) "have much to answer" and another was that "the local leaders were more interested in their own progress than that of the party", leaving a loud silence in the room.
.webp)
Former US President Donald Trump, who is campaigning for another term in the White House, promised to introduce a system of "reciprocal tariffs" if re-elected. In an economic policy speech in Detroit on Thursday, the Republican candidate singled out India, claiming it imposes some of the highest tariffs on foreign goods among major global economies.
This is not the first time Trump has criticised India for its tariffs. Just last month, he called the nation a "big abuser" of US trade relations.
.webp)
Tamil Nadu Chief Minister M K Stalin has announced a bonus and ex-gratia for 2.75 lakh employees of state public sector undertakings and statutory boards for the 2023-24 fiscal.
Accordingly, all eligible workers of profit making PSUs under group C and D will be paid a minimum bonus of Rs 8,400 and a maximum of Rs 16,800, amounting to 8.33 per cent bonus and an ex-gratia of 11.67 per cent, an official release here said.
.webp)
.webp)
.webp)
.webp)
.webp)
