Adani firms’ shares rally as group to hold more roadshows, invest in Andhra; Adani Enterprises soars 16.6%
Shares of Adani group companies rallied on Friday as multiple reports and announcements by the conglomerate lifted investors’ sentiments and the domestic equities.
After opening higher today, on the report of the group selling minority stakes in four of its listed companies to US-based GQG Partners for Rs 15,446 crore, Adani Enterprises zoomed over 17 per cent in the intraday session.
The stock settled 16.60 per cent, at Rs 1,874 on NSE, after the Adani group at the Andhra Pradesh Global Investors Summit announced that it will set up cement plants, data centres in the state.
