The founder and chairman of Adani Enterprises is Gautam Adani.
Adani Enterprises’ profit in the July-September quarter rose nearly eight times on a year-on-year basis to Rs 1,742 crore. The company’s consolidated net profit in the same quarter a year ago was Rs 228 crore.
At the same time, Adani Enterprises’ revenue (revenue) in the second quarter increased by 16 per cent to Rs 22,608 crore. The revenue in the same quarter a year ago was Rs 19,546 crore. The company published its results for the second quarter of the financial year 2024-25 on October 29.
Adani Enterprises shares rose almost 2% After the results, Adani Enterprises shares closed at Rs 2,842, up 1.55 per cent. With this, the market capitalization of the company also increased to Rs 3.28 lakh crore.
The company’s shares have fallen about 9% over the past month. Its share has declined by 7% over the past six months. Over the past year, it has generated a 23% return for investors.
The company will raise Rs 2,000 crore through NCD The company has also decided to raise Rs 2,000 crore by issuing non-convertible debentures, namely NCDs. The NCDs will be issued in one or more tranches through public channels.
Earlier, in October 2024, Adani Enterprises had raised Rs 4,200 crore from institutional investors through QIP, with Quant Mutual Fund emerging as the largest investor.
Draft plan of arrangement with Adani Wilmar withdrawn The board of directors of Adani Enterprises has decided to withdraw the draft agreement plan with Adani Wilmar, which was approved in August 2024. Adani Wilmar will have to comply with the minimum public shareholding rules, due to which this decision was been taken.
Adani Enterprises was established in 1988 Adani Enterprises Limited is part of the Adani group of companies. Gautam Adani founded Enterprises in 1988. The chairman of the company is Gautam Adani, the managing director is Rajesh Adani and the CEO is Vinay Prakash.
The company works on energy and infrastructure projects. Adani Enterprises is the country’s largest business incubator. This company works in the fields of energy and utilities, transportation and logistics, consumer goods and primary industry.
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