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Reading: IHC Capital’s arm sells Adani Enterprises shares for Rs 1,832 crore
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StockWaves > Financial News > IHC Capital’s arm sells Adani Enterprises shares for Rs 1,832 crore
Financial News

IHC Capital’s arm sells Adani Enterprises shares for Rs 1,832 crore

StockWaves By StockWaves Last updated: March 6, 2025 2 Min Read
IHC Capital’s arm sells Adani Enterprises shares for Rs 1,832 crore
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Abu Dhabi-based IHC Capital Holding on Wednesday offered greater than 84 lakh shares of Adani Enterprises for Rs 1,832 crore by means of open market transactions. Diversified group IHC Capital Holding by means of its subsidiaries — Inexperienced Vitality RSC and Inexperienced Power Funding Holding RSC — offloaded 84.48 lakh shares or 0.73 per cent stake in Adani Enterprises, as per the block deal knowledge on the BSE.

The shares had been disposed of at a mean value of Rs 2,168.1 apiece, taking the mixed transaction worth to Rs 1,831.82 crore.

In the meantime, Envestcom Holding RSC Ltd offered the identical quantity of shares in two tranches on the similar value.

On Wednesday, shares of Adani Enterprises rose 4.57 per cent to shut at Rs 2,244.85 apiece on the BSE.

In the meantime, shares of 10 different Adani group shares additionally closed increased, with Adani Inexperienced Power surging greater than 10 per cent in tandem with a rally within the fairness market.

On Tuesday, FMCG agency Adani Wilmar introduced the acquisition of GD Meals Manufacturing, which sells meals merchandise like pickles and sauces beneath the Tops model. Equally, the Competitors Fee of India on Tuesday authorised Ambuja Cements’ proposal to accumulate a majority stake in CK Birla group agency Orient Cement Ltd for Rs 8,100 crore. Additionally, the truthful commerce regulator has additionally granted clearance to Adani Infra to accumulate a majority stake in PSP Initiatives Ltd. Adani Infra is a unit of Adani group’s flagship agency Adani Enterprises.

PSP Initiatives, which has industrial, institutional, residential and luxurious tasks just like the Surat Diamond Bourse, had an order ebook of Rs 6,546 crore as of September 2024.

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