Adani Power's nearly 7.8 crore pledged shares released

NEW DELHI: Nearly 7.8 crore pledged shares of Adani Power amounting to 2.65 per cent stake in the company have been released.

These shares were pledged by one of the company's promoters -- Ventura Power Investments -- and were encumbered in favour of IDBI Trusteeship Services.

According to a regulatory filing, over 7.77 crore shares of Adani Power pledged by Ventura Power have been released.

These pledged shares were released on June 10. Shares of Adani Power closed flat at Rs 28.55 on BSE.