IHC, through its subsidiaries, holds a 1.26% stake in Adani Green Energy and 1.41% in Adani Energy Solutions, valued at around ₹3,327 crore based on Thursday’s closing prices.
Vedanta plans to restructure its businesses such as aluminum, iron & steel, and oil & gas into separate listed entities, which could help its parent company manage its debt load.
The negative listing of Yatra Online was due to its high P/E valuation, reliance on the airline ticketing business, and the competitive nature of the travel industry, said an analyst.
Post listing, Nuvama Wealth shares witnessed sharp volatility and locked in a 5% lower circuit limit of ₹2,612.50 and ₹2,564.10 on the NSE and BSE, respectively.