Adani Green sees large block transaction as foreign stake sale buzz grows

Adani Green Energy witnessed a Rs 2,718 crore block deal involving 1.7% equity, with market speculation pointing to TotalEnergies as the likely seller.

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3 days ago

Adani Green sees large block transaction as foreign stake sale buzz grows

Adani Green sees large block transaction as foreign stake sale buzz grows
Trading activity picked up in Adani Green Energy after a large block deal involving around 1.7% equity worth Rs 2,718 crore was executed on Wednesday. About 2.8 crore shares changed hands at Rs 970 apiece, reflecting a 2.9% discount to the previous close. While official disclosures are awaited, market chatter suggests French energy major TotalEnergies as the likely seller, aligning with reports of a planned stake reduction. 
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  • adani green energy
  • block deal