Adani Enterprises gains as its arm takes over management control of Mumbai International Airport

Adani Enterprises is currently trading at Rs. 1420.95, up by 3.30 points or 0.23% from its previous closing of Rs. 1417.65 on the BSE.

The scrip opened at Rs. 1454.00 and has touched a high and low of Rs. 1454.00 and Rs. 1413.60 respectively. So far 96340 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1718.45 on 07-Jun-2021 and a 52 week low of Rs. 145.15 on 16-Jul-2020.

Last one week high and low of the scrip stood at Rs. 1457.00 and Rs. 1385.15 respectively. The current market cap of the company is Rs. 155991.56 crore.

The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 21.34% and 3.74% respectively.

Adani Enterprises’ wholly owned subsidiary -- Adani Airport Holdings (AAHL) has taken over the management control of Mumbai International Airport (MIAL) from the GVK Group.

This follows approvals received from the Government of India, the City and Industrial Development Corporation (CIDCO) of Maharashtra, and the Government of Maharashtra. MIAL is India’s second busiest airport by both passenger and cargo traffic. With eight airports in its management and development portfolio, AAHL is now India's largest airport infrastructure company, accounting for 25% airport footfalls. With the addition of MIAL, AAHL will now also control 33% of India’s air cargo traffic.

Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.