Adani Green share price declines 7% on block deal buzz
Adani Green Energy share price slumped 7% at open on August 7 due to the buzz on the Street that a block deal has taken place in the company shares. As per rumours, the Adani Green Energy's shares exchanged hands at around ₹925-930.
The Adani Green Energy share price opened at ₹1,012.60 against the previous close of ₹1,012.55 and soon hit a high of ₹1,016.15. As soon as the buzz went on the Street about the block deal, the Adani Green Energy share price started falling and hit a low of ₹886.25.
At the time of writing this copy, the Adani Green Energy shares were trading at ₹967, down ₹45.55, or 4.50%. Mint could not independently verify the block deal details.
Adani Green Energy shares had hit a 52-week high of ₹2,574.05 on August 23, 2022 and a 52-week low of ₹439.35 February 28, 2023. Adani group stocks were under selling pressure for a long time after Hindenburg Research released a report on January 25 this year leveling the group with allegations of fraud.
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