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Adani Transmission surges on debut

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Capital Market
Last Updated : Jul 31 2015 | 3:49 PM IST

Adani Transmission was locked at 5% upper circuit at Rs 27.60 at 14:40 IST on NSE on its debut on the bourses today, 31 July 2015.

Meanwhile, the BSE Sensex was up 397.37 points, or 1.43%, to 28,102.72.

On NSE so far, 9.75 lakh shares were traded on the counter. On BSE, so far 75.07 lakh shares were traded in the counter.

On NSE, the stock opened at Rs 26.30. The stock was locked at a high of Rs 27.60 in intraday trade. The stock hit low of Rs 25 so far during the day.

Shares of Adani Transmission were listed and admitted to dealings on the exchange in the list of 'T' Group securities.

It may be recalled that as per a Composite Scheme of Arrangement between Adani Enterprises, Adani Ports and Special Economic Zone, Adani Power, Adani Transmission and Adani Mining Private Limited, the shareholders of Adani Enterprises were allotted one equity share of Adani Transmission for each equity share held in Adani Enterprises on record date.

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Adani Transmission has equity capital of Rs 1099.81. Face value of share is Rs 10.

Adani Transmission is into power transmission business and is a part of business conglomerate Adani Group.

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First Published: Jul 31 2015 | 1:30 PM IST

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