Adani Green Share Price | Shares of electricity producer Adani Green fell up to 13% on Monday. The company’s shares reached a low of Rs 886.25. Adani Green Share Price – Block deal This decline in shares has come after the conversion of more than 40 million (4 crore) equity shares through a block deal. […]
This decline in shares has come after the conversion of more than 40 million (4 crore) equity shares through a block deal. Shares of Adani Green Energy (AGEL) fell 12 per cent to Rs 886.25 on the BSE in Monday’s intra-day trade. According to a media report, Qatar Investment Authority has bought shares of Adani Green Energy amid the block deal in Monday’s trading. QIA bought shares worth $500 million.
According to Refinitiv data, over 11 lakh shares of the Adani Group-owned energy company had been converted into 14 block deals as of 2 pm. According to a Reuters report, the price range of these shares was Rs 882 to Rs 954 per share.
As of 09:15 am today, exchange data shows that about 44.24 million shares, which account for 2.8 per cent of the total equity of Adani Green Energy, have been traded on the BSE. 11:25 pm.
The stock had made up for the partial loss and was trading at Rs 965, down 5 per cent on the BSE. There have been buys and sells of 54.9 million shares on NSE and BSE combined.
Meanwhile, the stock was trading lower for the fifth consecutive day. There was a decline of 19 percent in one week. In comparison, the S&P BSE Sensex was down 1.2 per cent during the period.
AGEL, which is a part of India-based Adani Group, has one of the largest global renewables portfolios with an overall lock-in portfolio of 20.4 GW. This includes operational, under-construction, and awarded projects that meet investment-grade equivalents.
The company develops, builds, owns, operates, and maintains utility-scale grid-connected solar and wind farm projects. AGEL’s major customers include Solar Energy Corporation of India (SECI), National Thermal Power Corporation (NTPC) and various state Discoms.
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