Stocks to Watch: Adani Ports, JSW Energy, Adani Power, IndiGo, CIL, VIP
Adani Ports: Two promoter entities have raised shareholding in Adani Ports and Special Economic Zone Ltd by over 2 per cent. As per the information shared by the company with Indian stock market exchanges two promoter entities Resurgent Trade and Investment Ltd and Emerging Market Investment DDC have acquired fresh stakes in Adani Ports via the open market.
Adani Ports management informed Indian exchanges that Resurgent Trade and Investment Ltd had bought 3,26,18,000 Adani Ports shares, which is 1.51 per cent of the total paid-up capital of the Adani group company. JSW Energy: For the second consecutive day, GQG Partners bought shares of JSW Energy in the open market on 16 August, reported Economic Times.
According to the report, the GQG Partners Emerging Market Fund bought a 0.6 per cent stake or 10,284.024 shares of JSW Energy at ₹341.70 apiece for ₹351 crore. Earlier on Monday, GQG Partners acquired over 1.2 crore shares of JSW Energy at ₹345 apiece, aggregating ₹411 crore.
InterGlobe Aviation: Privately held airline IndiGo’s co-founder Rakesh Gangwal’s wife Shobha Gangwal sold the entire 11.5 million of her shares or 2.99% stake, in InterGlobe Aviation Ltd for ₹2,801.8 crore. On Wednesday, Mint, reported that Rakesh Gangwal and his family were planning to sell around a 4% stake in InterGlobe Aviation for up to $450 million, citing a deal term sheet, a copy of which has been reviewed by Mint.
The latest block deal is part of Gangwal’s plans to cut his stake in InterGlobe Aviation. Adani Power: The promoters of Adani Group on Wednesday raised around ₹9,000 crore by selling 8.1% of their holding in the energy-generation arm Adani Power Ltd, marking billionaire Gautam Adani’s largest equity capital-raising through a
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