Two of Adani Power Ltd.'s promoters, Ardour Investment Holding and Emerging Market Investment DMCC, have raised their stake in the company by 1.93% and 0.13%, respectively, through the open market.
The acquisition by the two promoters happened between Sept. 26 and Nov. 16. Before the acquisition, the promoters held a total of 69.09% stake in the company, according to an exchange filing on Friday.
The total shareholding of all the promoters is now 71.14%, worth Rs 3,856.9 crore.
As of Sept. 30, all the promoters held 70.02% stakes, including Ardour Investment's 0.80% stake and Emerging Market's 5.61% stake, data on the BSE website showed.
Disclaimer: AMG Media Networks Ltd. (AMNL) currently owns 49% stake in Quintillion Business Media Ltd. (QBML), the owner of BQ Prime Brand. AMNL has entered into an MOU to acquire the balance 51% stake in QBML. Post acquisition, QBML will become a wholly owned subsidiary of AMNL.
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