URL copied to clipboard

Trending News

Mutual Funds Boost Adani Group Investments to Over Rs 2,000 Crore in July 

In July, mutual funds invested over Rs 2,000 crore in Adani Group, with significant buys in several firms. However, Ambuja Cement saw a net outflow of Rs 338 crore.
Mutual Funds Boost Adani Group Investments to Over Rs 2,000 Crore in July 

In July, mutual funds invested more than Rs 2,000 crore in Adani Group companies. Out of the group’s listed firms, eight saw increased investments, while Ambuja Cement experienced some selling.

Mutual fund investment in Adani Group has been growing steadily. In June, mutual funds invested Rs 990 crore, which was an increase from May’s Rs 880 crore. 

The total mutual fund investment in nine Adani Group companies reached Rs 42,154 crore in July, up from Rs 39,227 crore in June. This rise in investment coincided with substantial share purchases by Adani’s promoters during the June quarter, amounting to Rs 23,000 crore.

Adani Ports & SEZ saw the highest mutual fund investment, with over Rs 1,100 crore. This was followed by Adani Enterprises with Rs 890 crore and Adani Power with Rs 218 crore. Other companies like ACC Ltd, Adani Energy Solutions, and Adani Green Energy also received mutual fund investments ranging from Rs 1 crore to Rs 88 crore.

Conversely, Ambuja Cement faced a net outflow of Rs 338 crore from mutual funds, contrasting with the positive trend in other Adani Group companies.

Loading
Read More News