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    HomeNewsBusinessCompaniesMavi Investment sells 75 lakh Adani Power shares

    Mavi Investment sells 75 lakh Adani Power shares

    Mavi Investment Fund, a shareholder of Adani Power, today offloaded 75 lakh shares of the company in a deal worth Rs 33.37 crore. The shares were purchased by Vinodbhai Shantilal Adani NRE, the block deal data at the stock exchanges showed.

    March 05, 2013 / 22:23 IST

    Mavi Investment Fund, a shareholder of Adani Power, today offloaded 75 lakh shares of the company in a deal worth Rs 33.37 crore. The shares were purchased by Vinodbhai Shantilal Adani NRE, the block deal data at the stock exchanges showed.
        
    Mavi Investment Fund, which held 2.82 crore shares representing 1.18 per cent stake in Adani power as of quarter ending December, sold 75 lakh shares (amounting to 0.31 per cent shareholding). The shares were sold for an average of Rs 44.5 apiece.

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    Meanwhile, in a separate bulk deal, BNP Paribas Arbitrage purchased nearly 25 lakh scrips of the global banking major Standard Chartered PLC in deal size worth Rs 31.63 crore. The stock was acquired at an average price of Rs 126.58 apiece.
        
    At the BSE, Adani Power scrip climbed 5.22 per cent to settle at Rs 46.35, while Standard Chartered gained 2.03 per cent to close at Rs 128.45 apiece.

    first published: Mar 5, 2013 08:36 pm

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