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Business News/ Markets / Stock Markets/  EuroPacific Growth Fund sells 1.27% stake in Adani Ports for 907 crore
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EuroPacific Growth Fund sells 1.27% stake in Adani Ports for ₹907 crore

As per data available on the BSE, EuroPacific Growth Fund offloaded a total of 25.76 million shares at an average price of ₹352.01 valuing the deal for ₹906.76 crore
  • As per the latest shareholding pattern, EuroPacific Growth Fund held 1.42% stake in the company
  • As per the latest shareholding pattern, EuroPacific Growth Fund held 1.42% stake in the company.Premium
    As per the latest shareholding pattern, EuroPacific Growth Fund held 1.42% stake in the company.

    MUMBAI :


    Institutional Investor EuroPacific Growth Fund on Wednesday sold 25.76 million shares or 1.27% of Adani Ports & Special Economic Zone Ltd, for 907 crore through block deals.

    As per data available on the BSE, EuroPacific Growth Fund offloaded a total of 25.76 million shares at an average price of 352.01 valuing the deal for 906.76 crore.

    As per the latest shareholding pattern, EuroPacific Growth Fund held 1.42% stake in the company.

    From the beginning of the year, shares of Adani Ports lost 1% against a fall of 2% in the benchmark index, Sensex. From March lows, the stock gained 78% while Sensex rose 57%.

    Adani Ports reported a 31.6% rise in consolidated net profit to 1,387 crore for the second quarter ended 30 September, against 1,054.15 crore in the July-September quarter last year, consolidated net sales rose 2.9% to 2,902.52 crore in the September quarter from 2,821.16 crore in the year-ago period.

    Shares of Adani Ports gained 2.47% to close at 362.35 per share, while the benchmark Sensex rose 0.88% to close at 40,616.14 points on Wednesday.

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    Published: 04 Nov 2020, 09:16 PM IST
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