By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Happen Recently
  • Home
  • Business
  • Startup
  • MSME
  • India
    • Politics
    • Sports
    • Entertainment
    • History
  • International
  • Magzine
Reading: Promoter group increased stake in Adani Enterprises and Adani Port, information given in exchange filing
Share
Aa
Aa
Happen Recently
  • Business
  • MSME
  • Startup
  • India
  • International
  • Get App
  • Magzine
  • Home
  • Business
  • Startup
  • MSME
  • India
    • Politics
    • Sports
    • Entertainment
    • History
  • International
  • Magzine
Business

Promoter group increased stake in Adani Enterprises and Adani Port, information given in exchange filing

Team Happen Recently
Last updated: 2023/09/10 at 2:04 PM
Team Happen Recently
Share
2 Min Read
SHARE

Adani Enterprises

 Adani Group: The promoter group’s stake in Adani Port has been increased.  Now the promoter’s stake in Adani Port has increased from 63.06 percent to 65.23 percent. The promoter group has increased the stake in Adani Enterprises from 69.87 percent to 71.93 percent.  American investor GQG has stake in 5 out of 10 companies of Adani Group.

The promoter group led by billionaire businessman Gautam Adani has increased its stake in two group companies.  According to data available on the exchange, the promoter group has increased stake in Adani Enterprises from 69.87 percent to 71.93 percent.

 This is the second time in a month that Adani Group has increased its stake in the flagship company.  Earlier, the promoter group had increased the stake from 67.65 percent to 69.87 percent.

Stake also increased in Adani Port

 The promoter group’s stake in Adani Port has also been increased.  Now the promoter’s stake in Adani Port has increased from 63.06 percent to 65.23 percent.

 Who bought the stake?

 Resurgent Trade and Investment Limited has purchased one percent stake in Adani Port through the open market, while Emerging Market Investment DMCC has purchased 1.2 percent stake in Adani Port through the open market.  Both are promoter group companies.

The shares of Adani Enterprises Limited have been bought by Kempas Trade and Investment Limited and Infinite Trade and Investment Limited.  It has been said in the exchange filing that these transactions were done from the open market between August 14 and September 8.

GQG has also increased its stake

 Last month, American investment company GQG also increased its stake in Adani Ports to 5.03 percent.  GQG has a stake in 5 out of 10 companies of Adani Group.

 GQG has bought 7.73 percent stake in Adani Power.  Due to this, the promoter group’s stake in Adani Power has come down from 74.97 percent to 66.88 percent.

You Might Also Like

Revolutionizing Financial Literacy – How Aryan Pal is Offering Free Market Education.

Nagarjuna Travels Marks One Year of Transforming Pilgrimage Travel to Kailash Mansarovar, Adi Kailash and Om Parvat

Autointelli AIOps – a tough competitor to Zoho Manage Engine 

India and Timor-Leste Strengthen Bilateral Ties through Medical Education and Healthcare Cooperation

PM Modi has inaugurated the foundation stone for Vadhvan, one of the largest deep-water ports in India

TAGGED: Adani Enterprises, happenrecenly

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Copy Link Print
Previous Article Aadhaar Fraud: Can bank account be emptied with Aadhaar number?  Do these things immediately after fraud
Next Article This phone with 108MP camera and 12GB RAM is available 8 thousand rupees cheaper, will get design like iPhone 14
Leave a comment Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Happen Recently
Follow US

© 2023 Happen Recently. All Rights Reserved.

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Go to mobile version
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?