Mumbai: Mavi Investment Fund, a shareholder of Adani Power Ltd , on Tuesday offloaded 7.5 million shares of the company in a deal worth Rs.33.37 crore.
The shares were purchased by Vinodbhai Shantilal Adani NRE, the block deal data at the stock exchanges showed.
Mavi Investment Fund, which held 28.2 million shares representing 1.18% stake in Adani Power as of quarter ending December, sold 7.5 million shares (amounting to 0.31% shareholding).
The shares were sold for an average of Rs.44.5 apiece.
Meanwhile, in a separate bulk deal, BNP Paribas Arbitrage purchased nearly 2.5 million scrips of the global banking major Standard Chartered Plc in deal size worth Rs.31.63 crore.
The stock was acquired at an average price of Rs.126.58 apiece.
At the BSE, Adani Power scrip climbed 5.22% to settle at Rs.46.35, while Standard Chartered gained 2.03% to close at Rs.128.45 apiece.