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Infinite Trade invests 1,100 cr in two Adani Group firms

Adani Group shares were under pressure since last week, with investors wealth eroded over $13 billion after the Economic Times reported that national share depository froze the accounts of three Mauritius-based funds due to insufficient information on the owners.Premium
Adani Group shares were under pressure since last week, with investors wealth eroded over $13 billion after the Economic Times reported that national share depository froze the accounts of three Mauritius-based funds due to insufficient information on the owners.

Infinite Trade and Investment put 122.51 crore, 182.51 crore, 174.79 crore, 180.01 crore, 179.82 crore, and 169.04 crore into Adani Green Energy Ltd on various days during that period for a total of nearly 85 lakh shares

MUMBAI : Infinite Trade and Investment Ltd has invested more than 1,100 crore in two Adani Group firms between 10 June and 19 June.

Infinite Trade and Investment put 122.51 crore, 182.51 crore, 174.79 crore, 180.01 crore, 179.82 crore, and 169.04 crore into Adani Green Energy Ltd on various days during that period for a total of nearly 85 lakh shares. It also bought 19.3 lakh shares of Adani Ports & Special Economic Zone worth 126.81 crore on 19 June.

The transactions have been done via market purchase, according to a BSE notice.

Adani group shares were under pressure since last week with investors wealth having been eroded by more than $13 billion after the Economic Times reported that the National Securities Depository Ltd had frozen the accounts of three Mauritius-based funds due to insufficient information on the owners. The Adani group called the report “blatantly erroneous" and contended that it was done deliberately to mislead the investing community.

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