Wipro’s Azim Premji buys shares of 3 companies owned by Mukesh Ambani and Gautam Adani for…, Premji acquires shares through…
GH News February 24, 2025 04:06 AM
New Delhi: Azim Premji led Premji Invest a leading global investment firm has acquired stakes in nine companies last week through open market transactions. These nine companies include firms led by Mukesh Ambani and Gautam Adani. The collective value of all the shares purchased by Premji Invest these nine companies is Rs 446 crore. The three companies of Mukesh Ambani and Gautami Adani in which Premji Invest has bought stake are Reliance Industries led by Mukesh Ambani Adani Ports and Special Economic Zone (APSEZ) and Ambuja Cements both led by Gautam Adani. Premji Invest purchased shares through its affiliate PI Opportunities AIF V LLP. Premji Invest has purchased 5.70 lakh shares of Reliance Industries 5.14 lakh shares of Ambuja Cements and 1.09 lakh shares of Adani Ports and Special Economic Zone (APSEZ) according to block deal data. The remaining six companies are Bharti Airtel Jindal Steel Power Hindalco Industries ICICI Bank Infosys and SBI Life Insurance. Premji Invest purchased 5.44 lakh shares of Bharti Airtel 9.72 lakh shares of Jindal Steel & Power 3.28 lakh shares of Infosys up 3.33 lakh shares of ICICI Bank 8.13 lakh shares of Hindalco Industries and 84375 shares of SBI Life Insurance. All the shares of nine companies were bought in the price range of Rs 477.2 to Rs 1807.15 each. The combined value of all the transactions was Rs 446.38 crore. On Friday February 21 shares of Adani Ports declined 2.57 per cent to close at Rs 1082.95 apiece Reliance Industries fell 0.43 per cent at Rs 1227.70 Bharti Airtel fell 0.41 per cent at Rs 1638.40 Infosys slipped 0.46 per cent to end at Rs 1815.15 on the BSE. However SBI Life Insurances shares rose 1.71 per cent to close at Rs 1494.95 per piece and Jindal Steel & Power went up 0.11 per cent to settle at Rs 879.90 apiece on the exchange.
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