Adani Green promoters pick up 2.1% stake through open market

Promoters of Adani Green Energy have picked up a 2.1% stake, or 33.2 million shares, in the company through the open market. These shares were bought between September 1 and September 21, the company informed stock exchanges Friday.

Promoter Spitze Trade & Investment has purchased these shares, with other promoters including Gautam Adani, Rajesh Adani, Rahi Adani and Infinite Trade & Investment acting in concert, it said.

Spitze Trade & Investment held a 2.19% stake in the company before the stake buy, and now has 4.29%. Together, the promoter stake now stands at 55.54%, as against 53.44% earlier.


Shares of Adani Green ended 0.57% lower at Rs 1,017.35 on the BSE Friday. They are up nearly 10% this month, but down more than 47% so far in 2023.