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Adani Enterprises Promoter Companies Acquire Additional Stake In Flagship

Kempas Trade and Investment Ltd. and Infinite Trade and Investment Ltd. bought a total of 2.35 crore shares in Adani Enterprises.

<div class="paragraphs"><p>The Adani Group logo is seen on the facade of one of its buildings.(Source: Amit Dave/Reuters)</p></div>
The Adani Group logo is seen on the facade of one of its buildings.(Source: Amit Dave/Reuters)

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.

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