Big news regarding Gautam Adani’s two companies, impact on shares can be seen

Adani Group News: The Adani Group is in a recovery mode for past losses, which has seen the Gautam Adani-led promoter group increase its stake in the two companies. According to information in the filing, the promoter group has increased its stake in its flagship company from 69.87 percent to 71.93 percent. Investors can keep an eye on these stocks today.

This comes less than a month after the promoter group increased its stake in Adani Enterprises. During this period, the promoter group had increased its stake from 67.65 per cent to 69.87 per cent. Apart from this, the promoter group has increased its stake in another company, Adani Port, from 63.06% to 65.23%.

Which promoter firms participated.

Promoter group firm Resurgent Trade and Investment Ltd has bought a 1 per cent stake in Adani Port through the open market and Emerging Markets Investments DMCC has acquired a 1.2 per cent stake. Whereas in the case of Adani Enterprises Limited, the shares were bought by Campas Trade and Investments Limited and Infinite Trade and Investments Limited.

When was the stake bought?

The shares were bought through open market transactions on August 14 and September 8, according to stock exchange filings. During the week, stakes in Adani Group firms were increased by US investment firm GQG Patterns.

GQG invested so many crores in Adani Group.

GQG increased its stake in Adani Ports and Special Economic Zone (APSEZ) to 5.03 per cent through a bulk deal last month. GQG now has stake in five out of 10 Adani Group companies. GQG has so far invested Rs 38,700 crore in Adani Group companies. Qatar Investment Authority (QIA) has invested Rs 4,100 crore in Adani Green Energy and Bain Capital has invested Rs 1,440 crore.

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