Benchmarks
Nifty23,140.5077.41

FEATURED FUNDS★★★★★

Motilal Oswal Midcap Fund Direct-Growth

5Y Return
20.47 %

Invest Now

Enter search text:

Business News›Markets›Stocks›News›Adani group entities swap 86 lakh shares of Adani Enterprises in Rs 2,498 cr block deal

Read Today's Paper

Adani group entities swap 86 lakh shares of Adani Enterprises in Rs 2,498 cr block deal
Synopsis

Recently, the Adani Group's promoter entities completed a significant exchange of 86 lakh shares of Adani Enterprises, worth Rs 2,498 crore via block deals. Adani Infra (India) Ltd and Adani Properties garnered noteworthy shares, while Infinite Trade and Investment Ltd divested an equivalent amount, cutting their ownership from 2.01 percent to 1.38 percent. Overall, the promoter shareholding in Adani Enterprises has shown a slight increase.

Agencies

Around 86 lakh shares changed hands between promoter group entities of Adani Group's flagship firm Adani Enterprises in a deal worth Rs 2,498 crore through separate block deals on Friday.



The shares, representing a 0.63 per cent stake in the Ahmedabad-based conglomerate, were picked up by Adani Infra (India) Ltd and Adani Properties, according to data on the National Stock Exchange (NSE).

Adani Properties bought 51.50 lakh shares, while Adani Infra (India) acquired 34.50 lakh shares in the group's flagship company.



The shares changed hands at an average price of Rs 2,905 apiece, taking the combined deal value to Rs 2,498.30 crore.



On the other side of the trades, promoter group entity Infinite Trade And Investment Ltd sold an equal number of shares at the same price, the data showed.




Following the sale, Infinite Trade And Investment's holding in Adani Enterprises has dropped to 1.38 per cent from 2.01 per cent.

However, the transactions will not alter the combined shareholding of the promoters and promoter group entities in the company.



Shares of Adani Enterprises rose 0.57 per cent to close at Rs 2,916.50 apiece on the NSE.

Add as a Reliable and Trusted News Source
Add Now!

(You can now subscribe to our ETMarkets WhatsApp channel)

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

…moreless

(You can now subscribe to our ETMarkets WhatsApp channel)


Read More News on
adani enterprisesAdani GroupAdani Enterprisesblock dealshares transactionpromoter groupAdani Infra (India) Ltd

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

…moreless

Enter search text:

BrowseCompanies:
ABCDEFGHIJKLMNOPQRSTUVWXYZ
123456789

Stories you might be interested in