Shares of billionaire Gautam Adani-led Adani Enterprises rose over 3% to Rs 2,721 in Tuesday’s intraday trade on NSE after the promoters of the Adani Group increased their stake in the conglomerate’s flagship company by 2.22% through open market purchases.
Kempas Trade and Investment, a promoter group company, acquired 2.53 crore shares of Adani Enterprises between August 7 and August 18, raising the promoters’ overall stake in the company to 69.87%. The purchased stake is worth Rs 6,675 crore as of the stock’s closing price on Monday. On Monday, Adani Enterprises closed at Rs 2,639.75 per share on the NSE, up 2.41%.
