5 Reasons Why Sensex Surged 617 Points Today

Market participants were also tracking Adani Enterprises' share price.

Shares of the company hit a fresh 52-week high of Rs 683, up 7% after Adani Airports completed the acquisition of a 23.5% stake in Mumbai Airport.

"Adani Airport Holdings (AAHL), the flagship holding company of Adani Group for its airports business and a wholly-owned subsidiary of Adani Enterprises, has acquired 23.5% equity stake, i.e. 282 million equity shares of Rs 10 of Mumbai International Airport, from ACSA Global and Bid Services Division (Mauritius) for Rs 1,685.25 crore," Adani Enterprises said in a regulatory filing.

In August 2020, Adani Group had signed an agreement with GVK Group to acquire its 50.5% stake in Mumbai airport. The deal also included the acquisition of a 23.5% stake held by the two South African companies.

Adani Enterprises' share price ended the day up by 5.6%.

1 2 3 4
View single page >> |

Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.