Adani group that has 10 listed companies, has reported a mixed set of financial performance in the first nine months of current financial year 2023-24.
Adani Power said it entered into a MOU to sell its 100 per cent equity stake in its two wholly owned subsidiaries namely Aviceda Infra Park and Innovant Buildwell Private Limited to AdaniConnex Private Limited.
Shares of Adani Enterprises Ltd, the flagship company of Adani Group surged as much as 6 per cent to Rs 3063.90 on Monday, with a total market capitalization close to Rs 3.5 lakh crore.
Adani Power’s earnings conference call with research analysts and investors is scheduled for 6 pm later in the day. The conference call would be attended by the company CEO SB Khyalia and CFO Shailesh Sawa.