This is the second time in less than a month that the promoters have raised stake in the flagship firm that incubates new businesses. The promoters had last month increased stake in Adani Enterprises from 67.65% to 69.87%.
The promoter group has also increased stake in Adani Ports and Special Economic Zone from 63.06% to 65.23%, the filings showed.
Resurgent Trade and Investment bought almost 1% stake in Adani Ports and Special Economic Zone in open market transactions and another 1.2% was purchased by Emerging Market Investment DMCC. Both are promoter group firms.
In the case of Adani Enterprises, the shares were bought by Kempas Trade and Investment and Infinite Trade and Investment. The filings said the stakes were bought in open market transactions between August 14 and September 8.
The stake increase comes within weeks of the US-based boutique investment firm GQG Partners buying shares in Adani group firms.
GQG has increased its stake in Adani Ports & Special Economic Zone (APSEZ) to 5.03% last month by way of a bulk deal, stock exchange filings showed. GQG now has a stake in five of the 10 Adani Group firms.
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