Indian stock market today: After Hindenburg Research raised concern about the debt position in Adani Group shares, Ahmedabad-based Indian conglomerate Gautam Adani had a big relief in January 2024 when the Supreme Court of India gave its verdict that the Indian business house does not need further investigation. It seems that this decision of the Supreme Court at the beginning of Q4FY24 worked in favor of the Adani group shares, as FIIs raised stakes in six companies of the Adani group. These six Adani group companies are Adani Enterprises, Adani Ports, AdaniPower, Adani Green Energy, Adani Wilmar, and Adani Total Gas. According to the shareholding pattern of these six Adani group companies, FIIs raised investments in these companies during the recently ended March 2024.
FII’s shareholding in Adani Ports
According to the Adani Ports share pattern for the quarter of January to March 2024, FIIs have raised their stake in this core Adani group company from 13.17 percent to 13.80 percent. As of March 31, 2024, FIIs hold 29,80,51,295 shares of Adani Ports, which is 13.80 percent of the company’s total paid-up capital. In the Adani Ports share pattern for the quarter from October to December 2023, FIIs held 28,45,09,364 shares of Adani Ports or 13.17 percent stake in the company. This means that FII bought 1,35,41,931 shares of Adani Ports in the recently ended March 2024.
According to Adani Power’s share pattern for the quarter of January to March 2024, FIIs hold 61,35,13,055 shares of Adani Power or 15.91 percent stake in the company. However, at the end of the December 2023 quarter, FIIs held 61,18,36,515 shares of Adani Power, which was 15.86 percent of the company’s total paid-up capital. This means that FIIs raised their investment in the company by buying fresh shares of Adani Power during Q4FY24.
FII shares in Adani Green Energy
Adani Green Energy’s share pattern for the Q4FY24 informs that FIIs hold 25,86,27,949 shares of Adanin Green Energy, which is 16.33 percent of the company’s total paid-up capital. FII’s shareholding in Adani Green Energy Ltd as on December 31, 2023 was 24,96,07,897 company shares or 15.76 percent stake in the company. This means that the foreign institutional investors have opted for fresh shares of Adani Green Energy in the recently concluded January-March 2024 quarter.
FII’s shareholding in Adani Enterprises
As on March 31, 2024, FIIs hold 13,04,77,281 shares of Adani Enterprises or 11.45 percent stake in the company, which stood at 12,67,78,162 corporate shares or 11.12 percent of the total paid up capital of the company. This signals that FIIs have raised their shareholding in the flagship company Adani.
FII’s investment in Adani Wilmar
According to Adani Wilmar’s share pattern for the Q4FY24, FIIs hold 1,00,15,651 shares of Adani Wilmar or 0.77 percent stake in the company, which stood at 84,81,109 company shares or 0.65 percent stake at the end of December 2023 quarter. This means that FIIs have increased their investment in this Adani group company by adding 0.12 percent additional shares in their respective portfolio.
FII’s shareholding in Adani Total Gas
According to Adani Total Gas Ltd share pattern for the quarter of January to March 2024, FIIs hold 14,44,62,253 shares of company, which is 13.14 percent of the total paid up capital. However, in the company’s shareholding pattern for the quarter from October to December 2023, FIIs held 14,36,77,727 shares of Adani Total Gas, which is 13.06 percent of the company’s total paid-up capital.
So, FII raised its stake in this Adani group company from 13.06 percent to 13.14 percent during Q4 of the recently concluded financial year 2023-24.
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Published: 16 Apr 2024, 14:59 IST