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Adani Enterprises Hits 52-Week High on Block Deal

Summary

  • Shares reached a 52-week high of ₹2,699.95 after a significant block deal.
  • The block deal involved nearly 60 lakh shares valued at approximately ₹1,435 crore.
  • The company plans to raise up to ₹15,000 crore via equity issuance.
Adani Enterprises Hits 52-Week High on Block Deal

Adani Enterprises shares reached a new 52-week high of ₹2,699.95 on May 14, 2026, following a significant block deal where nearly 60 lakh shares changed hands. This trade, valued at approximately ₹1,435 crore, pushed the stock's recent gains to about 10% over two sessions. The company's stock has shown robust recovery, increasing by nearly 54% from its March 2026 low.

In a separate development, Adani Enterprises announced its intention to raise up to ₹15,000 crore through equity shares or other securities. This proposal is subject to shareholder approval at the Annual General Meeting scheduled for June 24, 2026. The Board of Directors also recommended a dividend of ₹1.3 per equity share for FY26, pending shareholder consent.

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