Adani Enterprises closed at ₹2,448 on Thursday, up ₹14.90 or 0.61 per cent, after announcing two major corporate actions on November 19. The stock touched an intraday high of ₹2,478.90 with volumes of 15.27 lakh shares traded, valuing transactions at ₹375.02 crore.
The conglomerate disclosed it has been declared the successful resolution applicant for Jaiprakash Associates Limited (JAL), receiving a letter of intent from the resolution professional. JAL, currently undergoing corporate insolvency resolution under IBC 2016, operates across engineering, construction, cement, power, real estate, fertilizers and hospitality sectors. Implementation awaits approvals from the National Company Law Tribunal, Allahabad Bench, and other regulatory authorities.
Simultaneously, Adani Enterprises completed its exit from AWL Agri Business Limited. Its subsidiary Adani Commodities LLP sold 168,958,219 equity shares representing 13 per cent stake to Wilmar International’s wholly-owned subsidiary Lence Pte Ltd through an off-market transaction. This reduced ACL’s holding in AWL to 7 per cent from 20 per cent, while Lence’s stake increased to 56.94 per cent. The parties terminated their shareholders’ agreement dating back to 1999, with AWL ceasing to be an associate of Adani Enterprises.
The stock has displayed volatility with a 52-week range between ₹1,966.02 and ₹2,810.49. Market participants will now watch for regulatory approvals on the JAL acquisition and its potential impact on the company’s portfolio diversification.
Published on November 20, 2025
