Adani Enterprises Promoter Companies Acquire Additional Stake In Flagship

Two of Adani Enterprises Ltd.'s promotor owned companies have acquired a total of 2.06% stake in the groups flagship company, from open market.

Kempas Trade and Investment Ltd. and Infinite Trade and Investment Ltd. bought a total of 2.35 crore shares in Adani Enterprises, according to an exchange filing on Friday.

This takes the total promoter stake in the company to 71.93%.

Promoters of Adani Enterprises include Gautam S Adani and Rajesh S Adani (on behalf of SB Adani Family Trust), Adani Tradeline Pvt., Flourishing Trade And Investment Ltd., Worldwide Emerging Market Holding Ltd., Afro Asia Trade and Investments Ltd., Gautam S Adani, Rajesh S Adani (in individual capacities), Gelt Bery Trade And Investment Ltd. and Spitze Trade And Investment Ltd.

The stake was bought between Aug. 21 and Sept. 7, the filing said.

Disclaimer: AMG Media Networks Ltd. currently owns 49% stake in Quintillion Business Media Ltd., the owner of BQ Prime Brand. AMNL has entered into an MOU to acquire the balance 51% stake in QBML. Post acquisition, QBML will become a wholly owned subsidiary of AMNL.