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Vistra ITCL offloads 3.35 crore shares in Adani Green

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Adani Green Energy’s share price moved down by about 10% in the last 2 days. It also came to know that Vistra ITCL India has released 3.35 crore equity shares of Adani Green.

In the filling at BSE, the company said that the sale of the equity shares happened on 03rd September 2020, 25th September 2020, and 23rd November 2020. The shares which are sold were pledged in the capacity as a Security Trustee for Term loan facility availed by Adani Green Energy Private Limited.

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The Stock of Adani Green Energy Ltd is currently trading at 1096 (-4.2 %) at 11 AM. The stock touched the lower circuit of 1087.55 at the early morning trade. The stock also hit a lower circuit of 5% yesterday. It has reached the 52 week high of 1220 before two days.

Adani Green Energy Ltd has added 62.48% over the last one month compared to 18.43 % gain in the S&P BSE Power index and 11.46 % rise in the SENSEX. The technicals as well fundamentals are not as good as the price movement of the share. Also, a report came that there are no guaranteed customers for Adani’s $6 billion Indian solar project.

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Abhishek Vohera

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