Adani Enterprises

 Adani Group: The promoter group’s stake in Adani Port has been increased.  Now the promoter’s stake in Adani Port has increased from 63.06 percent to 65.23 percent. The promoter group has increased the stake in Adani Enterprises from 69.87 percent to 71.93 percent.  American investor GQG has stake in 5 out of 10 companies of Adani Group.

The promoter group led by billionaire businessman Gautam Adani has increased its stake in two group companies.  According to data available on the exchange, the promoter group has increased stake in Adani Enterprises from 69.87 percent to 71.93 percent.

 This is the second time in a month that Adani Group has increased its stake in the flagship company.  Earlier, the promoter group had increased the stake from 67.65 percent to 69.87 percent.

Stake also increased in Adani Port

 The promoter group’s stake in Adani Port has also been increased.  Now the promoter’s stake in Adani Port has increased from 63.06 percent to 65.23 percent.

 Who bought the stake?

 Resurgent Trade and Investment Limited has purchased one percent stake in Adani Port through the open market, while Emerging Market Investment DMCC has purchased 1.2 percent stake in Adani Port through the open market.  Both are promoter group companies.

The shares of Adani Enterprises Limited have been bought by Kempas Trade and Investment Limited and Infinite Trade and Investment Limited.  It has been said in the exchange filing that these transactions were done from the open market between August 14 and September 8.

GQG has also increased its stake

 Last month, American investment company GQG also increased its stake in Adani Ports to 5.03 percent.  GQG has a stake in 5 out of 10 companies of Adani Group.

 GQG has bought 7.73 percent stake in Adani Power.  Due to this, the promoter group’s stake in Adani Power has come down from 74.97 percent to 66.88 percent.