Shares of Adani Green Energy (AGEL) tanked 12 per cent to Rs 886.25 on the BSE in Monday’s intra-day trade after over 40 million equity shares of the power generation company changed hands via block deal.
At 09:15 am; around 44.24 million shares representing 2.8 per cent of total equity of AGEL changed hands on the BSE, the exchange data shows. The names of the buyers and sellers were not ascertained immediately.
At 11:25 AM; the stock had recouped partial losses and was trading 5 per cent lower at Rs 965 on the BSE. A combined 54.9 million shares had changed hands on the NSE and BSE.
