Business Standard

Saturday, December 28, 2024 | 11:02 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Adani Enterprises trades ex-date to spin off its renewable energy biz

The stock surged 12% to Rs 148 on the BSE on back of heavy volumes

What's fuelling Adani's Australia drive?
Premium

SI Reporter Mumbai
Adani Enterprises surged 12% to Rs 148 on the BSE on back of heavy volumes. The stock of Adani Group Company turned ex-date to spin off its renewable sector business with effect from today.

At 10:23 am; the stock was up 11% at Rs 147 on the BSE, as compared to 1.4% rise in the S&P BSE Sensex. The trading volumes on the counter nearly doubled with a combined 12.81 million shares changed hands on the BSE and NSE so far.

In October last year Adani Enterprises had announced to demerge its renewable energy business into associate company

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in