New Delhi, June 15 Adani Group stocks may have been on fire in recent months adding to Gautam Adanis wealth but an analysis of shareholdings reveals similar set of top FPI holdings across the stocks.
In addition, in many cases, institutional and mutual funds holdings have decreased in the March 2021 quarter. In addition, mutual fund holdings in the stocks are very low.
The Adani Group stocks also have the same set of foreign portfolio investors among the big shareholders in that category. Albula Investment Fund, Cresta Fund and APMS Investment Fund holding shares in Adani Group Companies were in a controversy yesterday on reports that their share accounts were frozen but was later clarified that they are active.
As per Trendlyne data, for Adani Green Energy, institutional Investors have decreased holdings from 23.09% to 21.77% in March 2021 quarter. Mutual Funds have decreased holdings from 0.13% to 0.12% in March 2021 quarter. The top FPs are Asia Investment Corporation
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