New World Fund Sells Adani Ports Shares Worth Rs 401 Crore

New World Fund Inc. on Friday offloaded more than 1 crore shares of Adani Ports and Special Economic Zone Ltd. for over Rs 401 crore in an open market transaction.

According to bunched trade data on the Bombay Stock Exchange, 1,06,87,163 shares were sold at an average price of Rs 375.34 apiece. This took the total deal to Rs 401.1 crore.

According to Adani Ports’ shareholding data as on Sept. 30, New World Fund was a public shareholder of Adani Ports and held 2.07 percent stake.