Adani Group increases stake in two of its listed companies
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Adani Group has raised its stake in two listed companies: Adani Enterprises and Adani Ports and Special Economic Zone (APSEZ), as part of its claw-back strategy following damaging reports from earlier this year. Gautam Adani-led promoter group's stake in Adani Enterprises has risen to 71.93% (from 69.87%), which marks the second time within a month that promoters have raised their stake in the flagship firm. In APSEZ, the group has increased its stake to 65.23% from 63.06%.