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