Passion Funding Holding and Rising Market Funding DMCC, who’re a part of the promoter group entities, acquired 7.92 crore shares or 2.06% stake in Adani Energy between September 26 and November 16.
Following the acquisition, the cumulative shareholding of promoters elevated to 71.14%.
Within the early a part of September, promoter entities Fortitude Commerce and Funding Ltd and Rising Market Funding DMCC had acquired 8.5 crore shares or 2.2% stake in Adani Energy, which had taken the cumulative holding of the promoter group to 69.09%.
On Friday, shares of Adani Energy ended 0.6% down on the Nationwide Inventory Trade at Rs 387.30. To this point in 2023, the inventory has given greater than 29% returns to traders.
For the September quarter, the corporate had reported strong earnings, with the consolidated internet revenue surging greater than 9 instances year-on-year (YoY) to Rs 6,594 crore, and the income elevated by a whopping 84%.
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