MUMBAI: The promoters have sold stakes to the Jain-led fund for the second time since US short-seller Hindenburg Research accused Adani Group of manipulating stocks and accounting fraud. The Adani Group has denied the allegations. India’s markets regulator is expected to complete a probe into the Hindenburg allegations by 14 August.
The investment firm, which already holds stakes in four group companies, acquired an additional 18 million shares or 1.58% of Adani Enterprises Ltd from the SB Adani Family Trust for ₹4,140 crore. The shares were acquired at ₹2,300 apiece.
It also acquired 46 million more shares of Adani Green Energy, representing a 2.9% stake, worth ₹4,232 crore. The acquisition was at ₹920 apiece.
The deals, done through transactions on National Stock Exchange (NSE) of India Ltd, have diluted the promoter holding in group flagship Adani Enterprises and Adani Green by the same extent.
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