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10-Aug2018

Adani Green Energy zooms on acquiring 100% stake in AREPL

Adani Green Energy (AGEL) is currently trading at Rs. 65.60, up by 1.85 points or 2.90% from its previous closing of Rs. 63.75 on the BSE.

The scrip opened at Rs. 61.10 and has touched a high and low of Rs. 66.90 and Rs. 60.60 respectively. So far 1075641 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 77.60 on 07-Aug-2018 and a 52 week low of Rs. 22.75 on 02-Jul-2018.

Last one week high and low of the scrip stood at Rs. 77.60 and Rs. 60.60 respectively. The current market cap of the company is Rs. 9970.59 crore.

The promoters holding in the company stood at 86.58%, while Institutions and Non-Institutions held 11.18% and 2.24% respectively.

AGEL has acquired 100% equity share capital of Adani Renewable Energy Park (AREPL) from Adani Tradecom LLP and Adani Trading Services LLP on August 9, 2018. AREPL is acquired with an object of having the benefits of synergy.

The said Company was incorporated in March, 2015 for the purpose of undertaking the business of development of integrated renewable energy parks.

AGEL builds, owns and operates power plants powered by renewable sources of energy like solar and wind.


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