The shares of Adani Enterprises opened in red at Rs 2,463 per share in early morning trading session on Friday on NSE. Adani Enterprises share price is trading 1.30% lower today at Rs 2,438 per piece in intraday session.
Adani Group’s flagship company, which has a market capitalisation of Rs 2.79 lakh crore, had closed at Rs 2,475.25 per piece on Thursday.
Meanwhile, shares and Adani Green Energy were trading more than a percent lower early morning Friday. This happened after it was reported that Abu Dhabi-based International Holding Company (IHC) had entered into a pact with a buyer to sell its stake in these companies.
At 10:26 am IST, Adani Green Energy share price was trading 1.37 lower at Rs 998.55 per piece on NSE. The stock had opened Rs 1,006 per share in early morning trade on Friday.
Whereas, at 10 am IST, Adani Energy Solutions share price touched Rs 812 per piece on NSE on Friday. The shares were trading 1.75% lower in intraday session at Rs 816 per share.
IHC holds more than a percent each in the two Adani group companies - Adani Green Energy ( 1.26 percent) and Adani Energy Solutions (1.41 percent). It bought the stakes in September 2022.
Adani Power shares opened at Rs 377.20 per share on Friday against previous close at Rs 375.40. The stock was trading at Rs 374.85 per share at 9:45 am IST on Friday, September 29. The shares were in focus after media reports revealed that its largest investor Opal Investment Private Ltd is a ‘single person company’ that was established in UAE in 2019.
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Adani Wilmar share price opened Rs 341 per share in the early morning trade on Friday. At 10:37 am IST, the stock lowered 0.80% to Rs 338 per piece.
Hindenburg Research, a U.S. short-seller, issued a report alleging stock manipulation by the conglomerate led by Gautam Adani. The Adani Group has refuted all of these allegations.