Adani Group Sold The Stake Of This Company Experts Gave Alert

sarkarijobfind.com Credit - Gettyimages By, Muhd. Faizan Date - 11/08/2023 J

On August 9, 2023, the Adani Group sold a stake of 1.6% in its flagship company, Adani Enterprises, for Rs 4,140 crore.

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The group also sold a stake of 2.9% in Adani Green Energy for Rs 4,232 crore.

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The sales were made through bulk deals on the National Stock Exchange (NSE).

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The two stocks were sold at a discount to their closing prices.

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Experts have warned that the sales could be a sign that the Adani Group is facing financial trouble.

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They have also pointed out that the sales come at a time when the Indian government is cracking down on the group's businesses.

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The Adani Group has denied that the sales are a sign of financial trouble.

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They have said that the sales are part of a normal portfolio management exercise.

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However, the sales have raised concerns about the group's financial health and its future prospects.

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Investors are now closely watching the group to see how it responds to the challenges it is facing.

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Ananya Birla Signs Rs 1479 Crore Deal To Buy Flipkart Co Founder Sachin Bansal-s-Firm

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