• Source:JND

Adani Group Stocks: The shares of major Adani Group companies traded in positive territory during the intraday trade on Monday, April 06, after the Supreme Court refused to stay the conglomerate's Rs 14,543 crore resolution plan for bankrupt Jaiprakash Associates (JAL).

The apex court rejected Vedanta Ltd, one of the bidders to buy JAL, in its challenge.

Post the developments, Adani Group's stocks, including Adani Enterprises, Adani Power, Adani Green, Adani Total Gas and others, trade significantly higher in the afternoon trade--at around 1:18 PM.

Adani Group Shares Today

Adani Enterprises Share Price: The shares of Adani's flagship company trade nearly 2 per cent higher in the afternoon trade. At the time of writing, the stock was trading at Rs 1,858.60, up Rs 24.40 or 1.32 per cent.

Adani Power Share Price Today: The shares of Adani Group's power company rose nearly 2.5 per cent during the session. Last seen, the stock was trading at Rs 163.70, up Rs 3.72 or 2.33 per cent on NSE.

Adani Green Energy Shares Today: The Adani Green stock jumped nearly 7 per cent in the afternoon trade. The stock was trading at Rs 913.45, up Rs 57.45 or 6.71 per cent.

Adani Total Gas Share Price: The shares of Adani Total Gas were up nearly a per cent. The stock was quoted at Rs 523.50, up 0.66 per cent on NSE at around 1:25 PM.

Adani Ports Share Price: Adani Ports shares were trading slightly lower. At the time of writing, the shares were trading at Rs 1,367.70, down Rs 9.90 or 0.72 per cent.

Supreme Court Refuses To Stay

The Supreme Court decision came as a major win for the Adani Group in terms of acquiring JAL. Earlier, the National Law Appellate Tribunal (NCLT) and national Company Law Appellate Tribunal (NCLAT) had cleared Adani's resolution for the Jaiprakash Associates Ltd (JAL).

Anil Agrawal's Vendantam challenged Adani's plan approval, saying its higher bid was ignored in the process, lacking fairness and transparency.


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