ACC Share Price: ACC shares fall 0.92 per cent in Tuesday's trading session
The Relative Strength Index of the stock stood at 47.83 on Tuesday.
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The Relative Strength Index of the stock stood at 47.83 on Tuesday.
The stock quoted a 52-week high of Rs 2784.95 and a 52-week low of Rs 1593.5.
The promoters of the Adani Group, led by Gautam Adani, plan to continue reducing their holdings in group companies to build a liquidity buffer that can be used to tap new opportunities and invest in other business units. They have already sold stakes to GQG Partners and are in negotiations with other global investors for potential divestments. Talks with a West Asia-based fund are expected to finalize by September.
The Adani Group has sold shares in Adani Enterprises and Adani Green Energy through an open market transaction, raising ₹8,372 crore ($1 billion). GQG Partners acquired shares worth ₹1,100 crore in Adani Green Energy. The sale resulted in an increase in GQG's holdings in Adani Enterprises and Adani Green. The Adani family is believed to have used the proceeds to repay outstanding loans. The group has lost significant market value since January, following allegations of fraud and price manipulation by Hindenburg Research.
The stock quoted a 52-week high of Rs 2784.95 and a 52-week low of Rs 1593.5.