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Capital Market | 10 June 2013

GIC Cuts Adani Ports & SEZ Holding

by Pranav Puri
GIC Cuts Adani Ports & SEZ Holding
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In a block deal on BSE, @Indivest, an affiliate of Government of Singapore Investment Corporation sold 1.94 Cr shares of Adani Ports & Special Economic Zone at a price of R150 per share aggregating to around R290 Cr.

As on quarter ending March'13, Indivest held 3.55 crore shares, equivalent to 1.78% stake in Adani Ports, while Mavi Investments Fund held 2.2 Cr shares, equivalent to 1.1% stake.

On June 5th, in order to comply with Sebi's 25% public shareholding norm, it diluted 3.33% promoter stake and raised around R1,000 Cr.

Recently Adani Ports was planning to buy Dhamra port in Orissa from a consortium comprising Larsen and Toubro Ltd (L&T) and @TataSteel Ltd for about R5,000 Cr.

Adani Ports On BSE:


In February, CLSA Mauritius sold 33.54 Lac shares (0.78%)of @Essar_Ports for an average price of R83.84 a piece valuing the deal at R28.12 Cr.


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