Envestcom Holding RSC Fund offloaded a 1.83% stake in Adani Energy Solutions via a bulk deal.
The total transaction value stood at approximately ₹1,737 crore.
The move indicates a strategic reshuffling of Envestcom’s investment portfolio in India’s energy sector.
Envestcom Holding RSC Fund Sells 1.83% Stake in Adani Energy Solutions for ₹1,737 Cr
The bulk deal marks a significant offload by the investment firm in the Adani Group company.
Envestcom Holding RSC Fund Sells
Summary
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A fund on Wednesday divested a 1.83% stake in Adani Energy Solutions for ₹1,737 crore through open market transactions.
Envestcom Holding RSC Ltd offloaded nearly 2.2 crore equity shares, representing a 1.83% stake in Adani Energy Solutions Ltd (AESL), as per the bulk deal data available on the BSE and NSE.
The shares were sold at an average price of ₹790 apiece, taking the combined deal value to ₹1,736.73 crore.
After the stake sale, Envestcom Holding's shareholding in AESL has come down to 0.85% from 2.68%
Details of the buyers of Adani Energy Solutions' shares could not be ascertained on the exchanges.
Shares of Adani Energy Solutions fell 1.46% to close at ₹790.65 on the BSE, while it went lower by 0.89% to settle at ₹794.95 apiece on the NSE.
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