Promoters of Adani Group have significantly increased their stakes in five of its companies, injecting a total of over Rs 23,000 crore during the June quarter, according to the latest shareholding data.
Here are the five companies in which promoters increased their holdings
Ambuja Cement
Promoter holdings rose by 3.59 percentage points to 70.33% from 66.74%. This increase is part of a broader capital infusion plan, which saw the Gautam Adani family invest an additional Rs 8,339 crore in April towards capacity expansion.
This followed earlier investments of Rs 5,000 crore in October 2022 and Rs 6,661 crore in March 2023, completing the planned Rs 20,000 crore capital infusion into Ambuja Cements.
Adani Enterprises
Promoter holding increased by 2.11 percentage points to 74.72%. Based on the average stock price of Rs 3,175 during the quarter, this additional stake would have cost the promoters approximately Rs 7,600 crore.
Adani Green Energy
The promoter stake grew by 1.15 percentage points to 57.52%. With an average stock price of Rs 1,788 for the quarter, the additional shares would have required an investment of around Rs 3,200 crore from the promoters.
Adani Power
Promoter holdings increased by 0.96 percentage points to 72.71%.
Adani Energy Solutions
Promoter stake rose by 1.72 percentage points to 74.94%. The investment for this increase would have been approximately Rs 1,917 crore based on the average stock price for the quarter.