Indivest sells 1.94 cr shares of Adani Ports for Rs 290 cr
The shares were sold on an average price of Rs 150 valuing the transaction to Rs 290.62 crore
 "Indivest sells 1.94 cr shares of Adani Ports for Rs 290 cr")
According to information available with the stock exchanges, Indivest Pte Ltd sold 1.94 crore shares, amounting to 0.96% stake, of Adani Ports through market transaction.
The shares were sold on an average price of Rs 150 valuing the transaction to Rs 290.62 crore, the data showed.
Also Read
As of the January-March quarter, Indivest held 3.55 crore shares, equivalent to 1.78% stake in Adani Ports.
Adani Ports, on June 5, complied with the market regulator Sebi's 25% public shareholding norm by diluting its promoter's 3.33% stake through institutional placement programme (IPP).
Earlier, the Securities and Exchange Board of India (Sebi) had passed order against promoters of 105 companies including Adani Ports that failed to achieve a 25% public holding by June 3.
Shares of Adani Ports today declined by 0.43% to close at Rs 152 apiece on the BSE.