Shares of Adani Enterprises closed at Rs 1,879.35, up 16.97 per cent, on the BSE. (file)
New Delhi:
Shares of all listed companies of the Adani group gained today, with Adani Enterprises jumping nearly 17 per cent after the group sold minority stake in its four listed companies to US-based GQG Partners for Rs 15,446 crore.
In three trading sessions, the combined market valuation of the ten listed firms has crossed Rs 1.42 lakh crore.
Shares of Adani Enterprises closed at Rs 1,879.35, up 16.97 per cent, on the BSE. During the day, it jumped 18.56 per cent to Rs 1,905.
Besides, Adani Ports gained 9.81 per cent, Ambuja Cements 5.70 per cent, ACC 5.11 per cent, Adani Transmission 5 per cent, Adani Green Energy 5 per cent and Adani Total Gas 5 per cent.
Shares of Adani Power rose 4.99 per cent, Adani Wilmar 4.99 per cent and NDTV 4.98 per cent.
Most of the group companies also crossed the upper circuit limit in morning trade.
In the broader market, the BSE Sensex closed at 59,808.97, up 899.62 points or 1.53 per cent.
Troubled Adani Group has sold minority stake in four of its listed companies to GQG Partners for Rs 15,446 crore, as the conglomerate looks to shore up a further USD 2 billion of liquidity to recover from sell-off triggered by short-seller reports . Loan repayment in the coming months.
It sold shares in Adani Enterprises Limited, Adani Ports and Special Economic Zone Limited, Adani Transmission Limited and Adani Green Energy Limited.
“Adani shares gained after a block deal in the secondary market in four shares of the group on Thursday between the promoters and a US based investment firm. This improved overall sentiment in the market and especially in PSU banks,” Mitul Shah – said the head research department of Reliance Securities.
Adani group firms ended in positive territory on Wednesday and Thursday as well.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group company.)
featured video of the day
RBI hikes interest rates again to curb inflation
