Adani Ports and Special Economic Zone Ltd.

Indivest, an affiliate of Government of Singapore Investment Corporation, has offloaded 1.94 crore shares amounting to 0.96% stake of Adani Ports & Special Economic Zone for over Rs 290 crore in an open market transaction. The shares were sold on an average price of Rs 150 valuing the transaction to Rs 290.62 crore.

As of the January-March quarter, Indivest held 3.55 crore shares, equivalent to 1.78% stake in Adani Ports & Special Economic Zone.

On June 05, 2013, the company complied with the market regulator SEBI’s 25% public shareholding norm by diluting its promoter’s 3.33% stake through institutional placement programme (IPP).