Infinite Trade & Investment Ltd has invested over ₹1,100 crore in two Adani Group firms between 10 and 19 June.
Infinite Trade & Investment have bought nearly 8.5 million shares of Adani Green Energy Ltd between 10 and 19 June each day worth ₹122.51 crore, ₹182.51 crore, ₹174.79 crore, ₹180.01 crore, ₹179.82 crore and ₹169.04 crore respectively.
Infinite Trade & Investment also bought 1.93 million shares of Adani Ports & Special Economic Zone worth ₹126.81 crore on 19 June.
Both transactions have done via market purchase, according to BSE notice.
Adani Group shares were under pressure since last week, with investors wealth eroded over $13 billion after the Economic Times reported that national share depository froze the accounts of three Mauritius-based funds due to insufficient information on the owners.
The bulk of holdings of Albula Investment Fund, Cresta Fund and APMS Investment Fund about $6 billion are shares of Adani’s firms.
The Adani group had called the report “blatantly erroneous”, and said it was done deliberately to mislead the investing community.
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