Between August 7th and August 18th, the founding company Campus Trade and Investment purchased a total of 25.3 million shares, which accounts for a 2.22% stake, from the open market in the company.
Adani Enterprises’ shares reached their highest level in three months at Rs 2,720.65 because of the founding company Campus Trade and Investment’s acquisition of 25.3 million shares, equal to a 2.22% stake, in the company. This caused a 3% surge on the BSE (Bombay Stock Exchange) during intraday trading on Tuesday. All of this happened during the open market period between August 7th and August 18th.
The flagship stock of the Gautam Adani Group had been trading at its highest level since May 24, 2023. It marked the fourth consecutive trading day of high prices and witnessed an 11% surge during this period. In comparison, the S&P BSE Sensex, at 65,308, had risen by 0.14% at 9:30 AM on the same day.
In a disclosed exchange filing, Adani Enterprises revealed that Campus Trade and Investment acquired 25.3 million equity shares, representing a 2.22% stake, in the company through open market transactions between August 7th and August 18th. Following this acquisition, the total ownership stake of promoters in the company increased to 69.87%, up from 67.65%.
Adani Airport Holdings (AAHL), the leading holding company of Adani Group’s airport operations, and a wholly-owned subsidiary of Adani Enterprises, formed a joint venture company on Monday, August 21, 2023, in collaboration with Travel. This joint venture company, named “Tablemono True Aromas Private Limited,” is designed with a strategic partnership to develop, operate,
and maintain various hospitality services and formats at multiple locations. The objective is to enhance Food Services Private Limited with a focus on creating, managing, and sustaining different hospitality offerings.
