Promoter co buys Adani Enterprises shares worth Rs 175 cr

A promoter entity of Adani Group purchased shares of Adani Enterprises worth 175 crore from the open market on September 13, reports Our Bureau. As per the disclosures about insider trading, Spitze Trade and Investment, the promoter group entity, bought 500,000 shares through the open market transaction. Earlier on September 7, another promoter entity Gelt Bery Trade and Investment, bought 140 shares in Adani Enterprises. Shares of Adani Enterprises, which more than doubled in the last six months, ended half a per cent higher at 3,572 on Wednesday. Adani Enterprises will replace Shree Cement in the Nifty 50 index from September 30.