week high after equity ₹1,435 crore changes hands in block deal

Adani Enterprises shares hit 52-week high after equity ₹1,435 crore changes hands in block deal

As many as 6.4 lakh retail shareholders or those with authorized share capital of up to ₹2 lakh, have a 3.07% stake in Adani Enterprises at the end of the March quarter.

By CNBCTV18.com

Shares of Adani Enterprises Ltd. gained nearly nearly 7% to hit a fresh 52-week high on Thursday, May 14, after they witnessed a large trade during early trade.

As many as 58.92 lakh shares of Adani Enterprises Ltd. worth ₹1,435 crore changed hands at ₹2,435.6 per share in the block deal window.

The official buyers and sellers are not yet known.

At the end of the March quarter, promoters held 74.67% stake in the firm, while public shareholders held 25.33% stake.

Among public shareholders, Mutual Funds of the country have a 2.7% stake in the company, while Life Insurance Corporation of India, has a 3.64% stake at the end of the March quarter.

GQG Partners EM Equity Fund with a 1.59% and Goldman Sachs Trust Ii - Goldman Sachs GQG Partners International Opportunities Fund with a 2.3% stake also feature among the public shareholders.

As many as 6.4 lakh retail shareholders or those with authorized share capital of up to ₹2 lakh, have a 3.07% stake in the company.

Adani Enterprises In Q4

Adani Enterprises reported its fourth quarter earnings last month.

It reported a net loss of ₹220.7 crore compared to a profit of ₹3,844.9 crore in the previous year. Its revenue of ₹32,439.3 crore increased 20.3% from ₹26,965.9 crore in the previous year.

The company's EBITDA increased marginally to ₹3,731 crore from ₹3,710 crore last year. Its EBITDA margin contracted to 11.5% from 13.8% in the year-ago period.

Adani Enterprises also approved the proposal to raise up to ₹15,000 crore via the issuance of equity shares or other eligible securities, subject to shareholder approval at its annual general meeting on June 24, 2026.

The company's board also recommended a dividend of ₹1.3 per equity share of face value ₹1 each for the financial year 2026, subject to shareholder approval at the annual general meeting.

Shares of Adani Enterprises are trading 5% higher on Thursday at ₹2,622.4. The stock made an intraday 52-week high of ₹2,665. The stock is up 23% in the last one month.

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