Promoter entities purchased 72.7 lakh shares of Adani Enterprises valued at Rs 2,162 crore and 1.39 crore shares of Adani Green Energy valued at Rs 2,507 crore in multiple transactions between May 10 and May 23, as per NSE data.
Adani group: Kotak said that NSE500 promoters offloaded about Rs 87,000 crore worth of shares in 2023, which included a whopping Rs 37,000 crore worth share sale by promoters of Adani Group companies.
While the selling in Adani Group companies and Vedanta was meant to raise cash to manage debt, HDFC Life and CIE India saw promoter entities offloading stake for strategic reasons.
Adani stocks: The combined market value of LIC holdings in 7 Adani group stocks have fallen Rs 3,951 crore to Rs 44,743.94 crore as on Friday's trading session against Rs 48,694.65 crore on August 22.