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Adani Promoters Raise Their Stakes in Adani Group Entities

The combined investments exceed INR 19,000 crore. GQG Partners has alone invested around INR 6,625 crore. With these investments, the Adani Group will be able to recover from the losses the company incurred during Adani Investigation.

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Adani Promoters Raise Their Stakes in Adani Group Entities

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  1. Adani Promoters Raise Their Stakes in Adani Group Entities

  2. The total value of this holding is approximately INR 12,778 crore. This is seen as the massive step towards further increasing the group’s business. It also highlights the trust that the promoters hold in the various entities that are currently operating under the Adani Group. The combined investments exceed INR 19,000 crore. GQG Partners has alone invested around INR 6,625 crore. With these investments, the Adani Group will be able to recover from the losses the company incurred during Adani Investigation.

  3. Rise in Stakes in Adani Group of Companies As per the average stock price of INR 1,903 during the particular quarter, the total value of these acquisitions is estimated at around INR 10,310 crore. The promoter’s holdings in Adani Power increased by 2.25%. This points to 74.96 % with an estimated spend of INR 5,703 crore. The promoters also invested around INR 427 crore in Adani Energy Solutions and INR 626 crore in Adani Enterprises. The promoter’s stakes in Ambuja Cements dropped by 2.76% down to 67.57% from 70.33% discount. The major rise in stakes has helped the Adani Group acquire stability post the Adani Investigation.

  4. The Rajiv Jain-backed company has made a total investment of INR 6,625 crore in four of the Adani Group subsidiaries during the September quarters. The companies are Adani Energy Solutions, Adani Enterprises Limited, Ambuja Cement Limited, and Adani Green Energy Limited. The company, however, reduced its stakes in Adani Power Limited and Adani Ports and SEZ by INR 35 crore and INR 22 crore respectively. The company has also made significant investments in Adani Green Energy. It participated in the QIPs for INR 3,390 crore for Adani Energy Solutions and Ambuja Cement Limited. The company made purchases worth INR 1,784 crore and INR 1,077 crore respectively. GQG Partners’ Investment in The Adani Group

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