Adani Enterprises Limited

Equities

ADANIENT

INE423A01024

Diversified Industrial Goods Wholesale

Market Closed - Bombay S.E. Other stock markets 06:15:05 2024-04-26 am EDT			5-day change	1st Jan Change
3,080 ^INR	-1.17%		+1.79%	+8.10%

Apr. 17	Deals of the day-Mergers and acquisitions	RE
Apr. 17	Adani Enterprises Arm Incorporates Singapore JV	MT

Adani Infrastructure And Developers Private Limited acquired Vizag Tech Park Limited from Adani Enterprises Limited for INR 1.5 billion.

February 28, 2024

Adani Infrastructure And Developers Private Limited acquired Vizag Tech Park Limited from Adani Enterprises Limited (BSE:512599) for INR 1.5 billion on February 29, 2024. As of March 31, 2023, Vizag Tech Park Limited reported net worth of INR 1.4 billion.

Adani Infrastructure And Developers Private Limited completed the acquisition of Vizag Tech Park Limited from Adani Enterprises Limited (BSE:512599) on February 29, 2024.

Latest news about Adani Enterprises Limited

Deals of the day-Mergers and acquisitions	Apr. 17	RE
Adani Enterprises Arm Incorporates Singapore JV	Apr. 16	MT
India's Gandhi dynasty, trailing Modi, battles for political survival	Apr. 10	RE
Adani begins commercial output of wafers, ingots for solar power	Apr. 07	RE
India's Adani Green says aware of US probe into third party, denies relationship	Mar. 19	RE
India Adani Group's dollar bonds, shares tumble on US probe report	Mar. 18	RE
INDIA STOCKS-Profit-booking continues in Indian markets; Adani stocks, small-, mid-caps decline	Mar. 18	RE
US probing Adani Group and founder over potential bribery, Bloomberg reports	Mar. 15	RE
US probing Adani Group and founder over potential bribery, Bloomberg reports	Mar. 15	RE
US PROBING INDIAN BILLIONAIRE GAUTAM ADANI AND HIS GROUP OVER PO…	Mar. 15	RE
Indian Equities Rebound on Thursday as Investors Remain Upbeat on Growth Prospects	Mar. 14	MT
Indian Equities Close with Marginal Gains on Tuesday as IT Stocks See Drop	Mar. 12	MT
Adani Group Reportedly Keen to Buy AAI's Stake in Mumbai Airport	Mar. 12	CI
Adani Enterprises Unit Buys Le Marche Duty-Free for 5,000 Euros	Mar. 07	MT
Gains in Private Banking Stocks Push Indian Equities to End Higher on Wednesday; BSE Sensex Hits New Closing High	Mar. 06	MT
Adani's $1.2 billion copper smelter to import concentrates from Peru, Chile, Australia	Feb. 29	RE
Indian Shares Post Muted Gains Thursday, Helped by Metal, Bank Stocks	Feb. 29	MT
Ambani son's pre-wedding bash to feature Rihanna, tycoons and Bollywood stars	Feb. 29	RE
Adani Infrastructure And Developers Private Limited acquired Vizag Tech Park Limited from Adani Enterprises Limited for INR 1.5 billion.	Feb. 28	CI
Adani Enterprises' Arm Looks to Raise $3 Billion for Green Hydrogen Business	Feb. 27	MT
India's Adani unveils defence complex, $362 mln investment plan	Feb. 26	RE
Indian Equities Dip on Monday Ahead of Key Macroeconomic Data This Week; IT, Metal Names Top Laggards	Feb. 26	MT
Israel's military exports to top buyer India unaffected by Gaza war	Feb. 23	RE
India's Adani Group in talks with sovereign funds to raise $2.6 bln, Business Standard reports	Feb. 18	RE
Adani Group in Advance Talks to Raise $2.6 Billion, May Trim Stake in Airport, Green Hydrogen Units	Feb. 18	CI

Chart Adani Enterprises Limited

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Company Profile

Adani Enterprises Limited is a diversified group organized around 5 areas of activity: - logistics and supply services (66.9% of net sales); - mining extraction services (3.8%); - manufacturing of photovoltaic panels (3.5%); - airport management (3.4%): ownership, at the end of March 2022, of 6 airports in India; - other (22.4%): manufacturing of food products, production of palm oil, production of sugar, storage, handling and transportation of fruit, manufacturing of aeronautical and defense systems, construction of roads, highways and rail infrastructure, construction of data centers, development and rehabilitation of wastewater treatment plants and related infrastructure, etc. Net sales break down by source of revenue mainly between sales of products (85.7%) and services (14.2%). India accounts for 60.3% of net sales.

Sector

Diversified Industrial Goods Wholesale

Calendar

2024-04-30 - Q4 2024 Earnings Release (Projected)

Related indices

NIFTY 50 , NIFTY 100

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Ratings for Adani Enterprises Limited

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3,080 INR

Average target price

4,244 INR

Spread / Average Target

+37.80%

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Sector Diversified Industrial Goods Wholesale

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Diversified Industrial Goods Wholesale