Wednesday, 25 July 2018

Adani Enterprises up ~7% after bulk deal

Foreign investor Asia Investment Corporation sold 80lakh shares of the company for Rs138cr through an open-market transaction on Tuesday. Foreign investor Asia Investment Corporation on Tuesday sold 80lakh shares of Adani Enterprises for Rs138cr through an open-market transaction, as per the bulk deal data available with the NSE. Following this, the company’s stock rose ~7%. Meanwhile, the enterprises’ coal mining volumes are expected to be about 80mn tonne, i.e. a nearly six-fold rise, by the end of the fiscal year 2021.


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