Shares of Adani Enterprises went up by 2.24 per cent to Rs 2,697 a piece on Tuesday as the group’s promoter entities acquired shares worth Rs 6,347 crore in the last few days from the market. The total market valuation of the company was up to Rs 3.07 trillion on Tuesday.
The acquisition of 2.22 per cent stake by the promoters was within months of the promoters’ selling their stake worth Rs 9,655 crore in Adani Enterprises, the group flagship company, in March and June this year to Australia listed investment firm GQG Partners. In March, the Adani family had first sold shares at Rs 1,411 a share while on June 28th, the shares were sold at Rs 2,331 a share.
