Adani Airport Holdings Ltd signs SSA with AMRPL for operating duty free outlets

Adani Airport Holdings Limited ("AAHL") a Wholly Owned Subsidiary of Adani Enterprises Limited ("the Company") has signed Share Subscription Agreement (SSA) with April Moon Retail Private Limited ("AMRPL") and existing Shareholders of AMRPL namely, Mr. Arjun Ahuja, Mr. Karan Ahuja, Ms. Aliya Ahuja and Mr. Kabir Ahuja ("Existing shareholders of AMRPL") for the purpose of strategic partnership to operate duty free outlets in airports.

On completion of the transaction, AAHL will subscribe to 74,000 equity shares of face value of Rs. 10/- each constituting 74% of share capital of AMRPL on fully diluted basis for an aggregate investment of Rs. 7.40 Lacs.

Shares of Adani Enterprises Ltd. was last trading in BSE at Rs. 1530 as compared to the previous close of Rs. 1461.3. The total number of shares traded during the day was 205388 in over 6855 trades.

The stock hit an intraday high of Rs. 1546.7 and intraday low of 1461. The net turnover during the day was Rs. 308418350.

Source : Equity Bulls

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