LIC has incurred the most losses due to a decline in Adani shares. Foreign Portfolio Investors (FPIs) and Mutual Funds made significant purchases during Patch III and Patch IV, leading to a significant increase in AEL share price.
An investigative study conducted on four patches of Adani Energy Ltd shares spanning from March 1, 2020 to December 31, 2022, prior to the Hindenburg Report and the subsequent decline in Adani shares, has revealed that the state-owned company has incurred the greatest losses, surpassing even LIC.
In a recent development, LIC has reportedly sold 50 lakh shares of AEL. At the time, the cost of the item was approximately 300 rupees. The company reportedly acquired 4.8 crore AEL shares at a price range of Rs 1,031 to Rs 3,859. An analysis has been conducted by an expert committee appointed by the Supreme Court, led by former SC judge AM Sapre.
The trading activity of AEL shares has been scrutinized over the course of four distinct periods.
During the period of March 1st, 2020 to August 31st, 2020, significant developments were observed in the field of Patch I.
During the period of September 1st to September 30th, 2020, Patch II was implemented.
During the period of October 1st, 2020 to March 31st, 2021, Patch III was implemented.
In the latest update, Patch IV, spanning from April 1st, 2021 to December 31st, 2022, significant changes have been implemented.
In a recent development, it has been reported that LIC has sold the highest number of shares in Patch II.
In the second phase of the Patch, when AEL’s share price hovered around Rs 300, LIC emerged as the largest net seller. Fifty lakh shares were sold by the company. In this period, significant Foreign Portfolio Investors (FPIs) and Mutual Funds made notable purchases.
The company’s share price experienced a notable increase between October 2020 and March 2021.
AEL’s share price experienced a significant increase from Rs 300 to Rs 1,031 during Patch III, which spanned from October 1, 2020 to March 31, 2021. During this period, the primary net buyers were prominent Foreign Portfolio Investors (FPIs) and mutual funds, who acquired approximately one crore shares. Shares in this patch were also purchased by FPIs who were suspected to have connections with Adani.
Patch IV’s share price has experienced an increase.
The AEL share price experienced a significant surge from Rs 1,031 to Rs 3,859 during the controversial Patch IV period spanning from April 1, 2021 to December 31, 2022. LIC emerged as the largest net buyer, having purchased approximately 4.8 crore shares. During this period, it has been reported that Foreign Portfolio Investors (FPIs) linked to Adani were among the leading net sellers. Approximately 8.6 crore shares were sold by them during this time frame.
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