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Promoter group of Adani Transmission sells 3.04% stake for Rs 2,666 cr
A promoter group entity of Adani Transmission on Friday divested its entire 3.04 per cent stake in the firm for Rs 2,666 crore through an open market transaction.
Following the stake sale, Fortitude Trade and Investment, a promoter group entity of Adani Transmission exited from the firm by offloading more than 3.39 crore shares of the firm.
According to the bulk deal data available with the National Stock Exchange (NSE), Fortitude Trade and Investment disposed of 3,39,17,200 shares, amounting to 3.04 per cent stake in Adani Transmission.
The shares were sold at an average price of Rs 786.17 apiece, taking the transaction value to Rs 2,666.46 crore. As of March 2023, the promoter shareholding has been reduced to 68.61 per cent from 71.65 per cent.
Goldman Sachs Trust II - Goldman Sachs GQG Partners International Opportunities Fund and GQG Partners Emerging Markets Equity Fund acquired more than 2.13 crore shares of Adani Transmission at an average price of Rs 786.19 per share.
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