7 hrs ago
Adani Group Entities Swap 86 Lakh Adani Enterprises Shares
Two companies connected to the Adani Group bought shares in Adani Enterprises.
They bought about 86 lakh shares altogether.
The purchase was completed through large block trades.
The deal was worth about ₹2,498 crore.
Adani Properties bought 51.50 lakh shares.
Adani Infra (India) bought 34.50 lakh shares.
Infinite Trade And Investment sold the same number of shares.
The overall shareholding of all Adani promoters together did not change.
Adani Enterprises shares ended Friday slightly higher at ₹2,916.50.
About 86 lakh Adani Enterprises shares changed hands in block deals worth ₹2,498.30 crore.
Adani Properties bought 51.50 lakh shares, while Adani Infra (India) acquired 34.50 lakh.
The shares represented 0.63% of Adani Enterprises and traded at an average ₹2,905 each.
Infinite Trade And Investment Ltd sold the same number of shares to the two buyer entities.
Infinite Trade’s holding fell to 1.38% from 2.01%, while combined promoter ownership was unchanged.
- Who
- Adani Properties and Adani Infra (India) bought shares from Infinite Trade And Investment Ltd, all promoter group entities.
- What
- Around 86 lakh Adani Enterprises shares changed hands in block deals worth ₹2,498.30 crore.
- Where
- The trades were reported on the National Stock Exchange; Adani Enterprises is based in Ahmedabad.
- When
- Friday.
- Why
- The shares were transferred between promoter group entities, leaving their combined shareholding unchanged.
Key facts
- Total shares traded
- About 86 lakh
- Deal value
- ₹2,498.30 crore
- Average price
- ₹2,905 per share
- Stake represented
- 0.63% of Adani Enterprises
- Adani Properties purchase
- 51.50 lakh shares
- Adani Infra (India) purchase
- 34.50 lakh shares
- Adani Enterprises closing price
- ₹2,916.50, up 0.57% on the NSE
Sources
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