On November 25 (Friday), a meeting will schedule for Adani Enterprises to mull and approve the proposal of raising funds by way of an equity issue by the board of directors.

Raising a fund by way of the public offering preferential allotment through any other permissible mode. This company is India’s largest business conglomerate. Investments are centred on technology parks, airport management, data centre, roads and water infrastructure.

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On a standalone basis, the net profit of  Adani Enterprise rose 117 per cent to Rs 460.94 crore in the second quarter of FY23 as compared to Rs 212.41 crore posted in the second quarter of FY22. Net sales hit a high of 188.8 per cent to Rs 38,175.23 crore in the second quarter of FY23 from Rs 13,218.02 crore recorded in the second quarter of FY22.

On BSE, the stocks rose at 0.53 per cent to recently trading at Rs 4057.