Adani hikes stake in two group companies
Gautam Adani-led promoter group has increased its stake in Adani Enterprises and Adani Ports and Special Economic Zone Ltd, as part of their claw back strategy after facing damaging reports, first from from US-based short-seller Hindenburg Research and later from OCCRP. The stake increase comes after US-based investment firm GQG Partners bought shares in Adani group firms.
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