OVERVIEW:
- The debentures will be issued in one or more tranches, each having a face value of one thousand rupees.
- The company promoted Gautam Adani, the chairman of the Adani group, to the position of Managing Director, replacing him as CEO Karan Adani.
- The stock fell to a 52-week low of Rs 394.95 on February 3, 2023, from a 52-week high of Rs 1144 on January 3, 2024.
The Adani Group company announced today that its board of directors approved raising up to Rs 5,000 crore through a public issuance of non-convertible debentures, which put shares of Adani Ports and Special Economic Zone Ltd (APSEZ) in the news. The company stated that the debentures, which have a face value of Rs 1,000 each, will be issued in one or more tranches. In a related move, the business promoted CEO Karan Adani to the position of Managing Director, replacing Gautam Adani, the Chairman of the Adani Group.
The price of the adaniports share is 363228. The source and medium of the campaign are both topic.In contrast to its previous closing on the BSE of Rs 1078.55, Adani Ports’ stock increased 1.39% on Wednesday to Rs 1093.50. The stock fell to a 52-week low of Rs 394.95 on February 3, 2023, from a 52-week high of Rs 1144 on January 3, 2024.
The company’s market value increased to Rs 2.36 lakh crore on the BSE. A total of 23.82 lakh of the company’s shares were exchanged, resulting in a Rs 263.83 crore turnover. With a one-year beta of 0.3, Adani Ports’ stock shows extremely little volatility over that time.
In a year, Adani Ports’ stock has increased by 33.23 percent. Technically speaking, Adani Ports’s relative strength index (RSI) is 72.5, indicating that it is trading in the overbought area. The 5 day, 10 day, 20 day, 30 day, 50 day, 100 day, 150 day, and 200 day moving averages are all being exceeded by the price of Adani Ports’ shares.
“In addition, with regard to the Issue, the Company’s board of directors has assigned the Finance Committee the authority to, among other things, authorize, carry out, and supervise activities related to the Issue,” the company announced on Wednesday.
Compared to the previous quarter, Adani Ports & Special Economic Zone’s revenue increased by 27.6% to Rs 6,646.4 crore from Rs 5,210.8 crore.
