SBI Mutual Fund Acquires ₹5,748 Crore Stake in Adani Group Companies
SBI Mutual Fund Buys Stakes in These Two Adani Stocks Worth Rs 5,748 Crore

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SBI Mutual Fund has acquired stakes worth ₹5,747.55 crore in Adani Enterprises and Adani Energy Solutions, totaling 1.3% and 0.52% stakes respectively. This move reflects ongoing institutional interest in Adani stocks, which have shown strong performance recently.
- 01SBI Mutual Fund purchased 1.64 crore shares of Adani Enterprises for ₹5,747.55 crore.
- 02The fund acquired 63.65 lakh shares in Adani Energy Solutions, representing a 0.52% stake.
- 03The shares were bought from GQG Partners, which sold an equivalent number of shares.
- 04This acquisition follows a previous stake purchase in May, indicating sustained interest in Adani Group.
- 05Adani Enterprises and Adani Energy Solutions saw stock price increases of 2.36% and 3.87%, respectively, after the transactions.
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On Friday, SBI Mutual Fund made significant investments in two Adani Group companies, acquiring stakes in Adani Enterprises and Adani Energy Solutions for a total of ₹5,747.55 crore through open market transactions. The fund purchased 1.64 crore shares of Adani Enterprises, equating to a 1.3% stake, and 63.65 lakh shares of Adani Energy Solutions, representing a 0.52% stake. The transactions were executed at prices ranging from ₹1,504.80 to ₹2,913.40 per share. The seller was GQG Partners, a US-based investment firm, which offloaded the same number of shares acquired by SBI Mutual Fund. This latest acquisition follows a previous investment in May, where SBI Mutual Fund purchased a 0.45% stake in Adani Enterprises for approximately ₹1,435 crore. The continued institutional interest in Adani stocks is notable, especially as these companies have demonstrated strong operational performance and improving business fundamentals. Following the news, shares of Adani Enterprises rose by 2.36% to close at ₹3,043, while Adani Energy Solutions gained 3.87% to end at ₹1,578.80. Market analysts will be monitoring potential further institutional inflows into Adani Group companies in the near future.
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The acquisition indicates strong institutional confidence in Adani Group, potentially leading to increased market activity and investor interest.
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