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    Vikshita Vitthal Gujaran in News

    02-Mar-2023 11:23 AM


    Adani stocks see block deals after group denies reports of $3-bn loan; all eyes on SC order

    Signage atop the Adani Group headquarters in Ahmedabad, India, on Wednesday, Feb. 1, 2023.
    Photographer: Dhiraj Singh/Bloomberg A day after Adani Group denied reports of $3-billion loan from a sovereign wealth fund, its shares saw heavy interest in the block deal window.
    About 3.9 crore shares, amounting to 3.5 percent equity of Adani Enterprises, changed hands on March 2.
    It is expected that the court will appoint a committee to strengthen the existing regulatory mechanism, which would protect investors from market volatility.
    Since then, the group has cumulatively lost over Rs 11 lakh crore in market capitalisation.

    Source - Money Control