Adani Enterprises Shares Rise on IHC Investment, Other Adani Group Stocks Decline

Adani Enterprises' shares jumped 5% after IHC's announcement of Rs 3,200 crore investment in its FPO.

IHC plans to subscribe to 16% of Adani Enterprises' $2.5 billion FPO.

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Adani Ports & SEZ was flat, with the stock exchanges seeking clarification regarding a buyback proposal.

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Other Adani group stocks such as Adani Total Gas, Adani Green, Adani Transmission, and Adani Power extended their recent falls.

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The FPO has received 3% subscription so far, but it can still go through if it gets at least 90% bids.

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Adani Ports stock edged 0.80% lower, and BSE sought clarification regarding a media report of a buyback proposal.

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Adani Power hit its lower circuit, and Adani Green, Adani Total Gas, and Adani Wilmar also fell.

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NDTV fell 5% to Rs 231.40.

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