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

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2 min read 16 Apr 2024, 02:59 PM IST Trade Now

Asit Manohar

FIIs person raised involvement successful six Adani radical companies during Q4FY24 — Adani Ports, Adani Power, Adani Green Energy, Adani Enterprises, Adani Total Gas, and Adani Wilmar

 google/Wikimedia Commons)Premium Gautam Adani had a large alleviation successful January 2024 erstwhile the Supreme Court of India delivered its ruling that the Indian concern location doesn't request immoderate further probe (Photo: google/Wikimedia Commons)

Indian banal marketplace today: After Hindenburg Research raised interest implicit the indebtedness positioning successful Adani Group shares, Ahmedabad-based Indian conglomerate Gautam Adani had a large alleviation successful January 2024 erstwhile the Supreme Court of India delivered its ruling that the Indian concern location doesn't request immoderate further investigation. It seems this Supreme Court ruling astatine the opening of Q4FY24 worked successful favour of the Adani radical shares arsenic FIIs raised stakes successful six Adani radical companies. Those six Adani radical companies are Adani Enterprises, Adani Ports, AdaniPower, Adani Green Energy, Adani Wilmar, and Adani Total Gas. As per the shareholding signifier of these six Adani radical companies, FIIs person raised stakes successful these companies during the precocious ended March 2024 quarter.

FIIs' shareholding successful Adani Ports

According to the shareholding signifier of Adani Ports for the January to March 2024 quarter, FIIs raised their involvement successful this halfway Adani radical institution from 13.17 percent to 13.80 percent. As of 31st March 2024, FIIs clasp 29,80,51,295 Adani Ports shares, which is 13.80 percent of the full paid-up superior of the company. In the shareholding signifier of Adani Ports for the October to December 2023 quarter, FIIs held 28,45,09,364 Adani Ports shares oregon 13.17 percent involvement successful the company. This means, FIIs bought 1,35,41,931 Adani Ports shares successful the precocious ended March 2024 quarter.

FIIs' involvement successful Adani Power

As per the shareholding signifier of Adani Power for the January to March 2024 quarter, FIIs clasp 61,35,13,055 Adani Power shares oregon 15.91 percent involvement successful the company. However, astatine the extremity of the December 2023 quarter, FIIs held 61,18,36,515 Adani Power shares which was 15.86 percent of the full paid-up superior of the company. This means FIIs raised their involvement successful the institution by buying caller Adani Power shares during Q4FY24.

FIIs shares successful Adani Green Energy

The shareholding signifier of Adani Green Energy for the Q4FY24 informs that FIIs clasp 25,86,27,949 Adanin Green Energy shares, which is 16.33 percent of the full paid-up superior of the company. FIIs' shareholding successful Adani Green Energy Ltd arsenic of 31st December 2023 was 24,96,07,897 institution shares oregon 15.76 percent involvement successful the company. This means the overseas organization investors picked caller Adani Green Energy shares successful the precocious ended Jan-March 2024 quarter.

FIIs' shareholding successful Adani Enterprises

As of 31st March 2024, FIIs clasp 13,04,77,281 Adani Enterprises shares oregon 11.45 percent involvement successful the company, which stood astatine 12,67,78,162 institution shares oregon 11.12 percent of the full paid-up superior of the company. This signals that FIIs raised their shareholding successful the flagship Adani radical company.

FIIs' involvement successful Adani Wilmar

As per the shareholding signifier of Adani Wilmar for the Q4FY24, FIIs clasp 1,00,15,651 Adani Wilmar shares oregon 0.77 percent involvement successful the institution that stood astatine 84,81,109 institution shares oregon 0.65 percent involvement astatine the extremity of December 2023 quarter. This means FIIs raised their involvement successful this Adani radical institution by adding 0.12 percent further shares successful their respective portfolio.

FIIs' shareholding successful Adani Total Gas

According to the shareholding signifier of Adani Total Gas Ltd for the January to March 2024 quarter, FIIs clasp 14,44,62,253 institution shares, which is 13.14 percent of the full paid-up capital. However, successful the shareholding signifier of the institution for the October to December 2023 quarter, FIIs held 14,36,77,727 Adani Total Gas shares, which is 13.06 percent of the full paid-up superior of the company.

So, FIIs raised their involvement successful this Adani radical institution from 13.06 percent to 13.14 percent during Q4 of the precocious ended fiscal twelvemonth 2023-24.

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Published: 16 Apr 2024, 02:59 PM IST

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