Adani Ports, Adani Power, Adani Enterprises to Adani Green: FIIs raise stake in these Adani group shares during Q4FY24

livemint.com:

Indian stock market today: After Hindenburg Research raised concern over the debt positioning in Adani Group shares, Ahmedabad-based Indian conglomerate Gautam Adani had a big relief in January 2024 when the Supreme Court of India delivered its ruling that the Indian business house doesn't need any further investigation. It seems this Supreme Court ruling at the beginning of Q4FY24 worked in favour of the Adani group shares as FIIs raised stakes in six Adani group companies. Those six Adani group companies are Adani Enterprises, Adani Ports, AdaniPower, Adani Green Energy, Adani Wilmar, and Adani Total Gas.

As per the shareholding pattern of these six Adani group companies, FIIs have raised stakes in these companies during the recently ended March 2024 quarter. According to the shareholding pattern of Adani Ports for the January to March 2024 quarter, FIIs raised their stake in this core Adani group company from 13.17 percent to 13.80 percent. As of 31st March 2024, FIIs hold 29,80,51,295 Adani Ports shares, which is 13.80 percent of the total paid-up capital of the company.

In the shareholding pattern of Adani Ports for the October to December 2023 quarter, FIIs held 28,45,09,364 Adani Ports shares or 13.17 percent stake in the company. This means, FIIs bought 1,35,41,931 Adani Ports shares in the recently ended March 2024 quarter. As per the shareholding pattern of Adani Power for the January to March 2024 quarter, FIIs hold 61,35,13,055 Adani Power shares or 15.91 percent stake in the company.