Adani Port Promoters Increase Stake In Company To 65.23%

Adani Port Promoters Increase Stake In Company To 65.23%

Prior to the acquisition the promoters held 63.06 per cent shares consisting of 1,36,21,22,067 shares.

FPJ Web DeskUpdated: Saturday, September 09, 2023, 05:39 PM IST
article-image
Adani Port Promoters Increase Stake In Company To 65.23% | Representative Image

Resurgent Trade and Investment Limited and Emerging Market Investment DMCC representing the promoters of Adani Ports and Special Economic Zone acquired 2.17 per cent shares in market purchase, the company announced through an exchange filing.

Resurgent Trade and Investment acquired 2,03,86,718 shares representing 0.94 per cent between August 14, 2023 and August 22. On the other hand, Emerging Market Investment DMCC bought 2,65,00,000 shares representing 1.23 per cent between August 30 and September 8.

Prior to the acquisition the promoters held 63.06 per cent shares consisting of 1,36,21,22,067 shares. The shareholding has now increased to 65.23 per cent consisting of 1,40,90,08,785 shares.

Adani Port August cargo volumes

Adani Ports and Special Economic Zone in August recorded a 17 per cent jump year-on-year in cargo volumes of 34.2 MMT on the back of solid 27.6 per cent growth in containers and 69 per cent growth in liquids & gas cargo types.

Adani Port shares

The shares of Adani Port on Friday closed at Rs 823, up by 1.62 per cent.

RECENT STORIES

'It's SEBI's Job To Regulate Futures And Options Market,' Says Finance Minister Nirmala Sitharaman

'It's SEBI's Job To Regulate Futures And Options Market,' Says Finance Minister Nirmala Sitharaman

Apple Slashes iPhone Prices in India Post-Budget 2024 Customs Duty Cut; Check Out the New Prices

Apple Slashes iPhone Prices in India  Post-Budget 2024 Customs Duty Cut; Check Out the New Prices

IndiGo Flags Higher Inflationary Environment, Escalation In Fuel, Airport Costs

IndiGo Flags Higher Inflationary Environment, Escalation In Fuel, Airport Costs

ITR Filing Countdown: Avoid Penalties and Late Fees – What You Need to Know Before the July 31...

ITR Filing Countdown: Avoid Penalties and Late Fees – What You Need to Know Before the July 31...

Gold Prices Rebound to ₹70,700 per 10 Grams Amid Global Market Strength

Gold Prices Rebound to ₹70,700 per 10 Grams Amid Global Market Strength