Adani Enterprises has dipped over 4% at Rs 279 after the company said that its promoters propose to sell 23 million shares of the company through Offer for Sale (OFS) on Friday.
“Adani Agro Private Limited, Adani Commodities, Vinod S. Adani, Rajesh S. Adani, Pranav V. Adani, Priti G. Adani and Shilin R. Adani has propose to sell 23 million equity shares of the face value of Re 1 each of Adani Enterprises, by promoters through a sale on the separate window provided by the BSE for this purpose,” Adani Enterprises said in a filing.
The sale shall take place on the separate window of the stock Exchange and shall commence on December 21, 2012 at 9.15 a.m. and shall close on the same day at 3.30 p.m., it added.
The seller shall declare the floor price for the sale today (December 20) after the close of trading hours but not late than 1700 hrs.
The stock opened at Rs 286 and hit a low of Rs 278 on the BSE. A combined 3.79 million shares have changed hands on the counter so far on the BSE and NSE.
