US-based investment firm GQG Partners has increased its stake in seven Adani Group companies during the three-month period ended December, while that by Life Insurance Corporation of India (LIC) remained mostly stable.
GQG Partners hiked its stake in Adani Ports and Special Economic Zone (APSEZ) to 3.76% as of December end from 3.53% as of September 30. Similarly, its stake in the flagship firm Adani Enterprises (AEL) was hiked to 2.95% in the third quarter, from 2.74% recorded in the sequential second quarter, according to stock exchange data.
