Adani Enterprises raises Rs240 crore on allotment of NCDs; Stock hits 52-week high

27 Apr 2022 , 09:56 AM

Adani Enterprises Ltd stock hits 52-week high at Rs2,420 per piece during early trade on Wednesday however soon the industry erased its early gains to trade lower tracking weak broader markets tone. The company announced the allotment of Non-Convertible Debentures on private placement basis on Tuesday.

As per the regulatory filing, the Company has raised Rs240 crore on April 25, 2022 by allotment of 2,400 Rated, Listed, Secured. Redeemable, Principal Protected Market Linked Non-Convertible Debentures (“MLD”) of the face value of Rs10,00,000/- each on private placement basis.

The said MLD will be listed on the Wholesale Debt Market segment of BSE Limited, informed the company.

At around 9:57 AM, Adani Enterprises was trading at Rs2,373.10 apiece down by Rs23.90 or 1% from its previous closing of Rs2,397 apiece on the BSE.