{"id":598828,"date":"2023-08-22T09:30:46","date_gmt":"2023-08-22T04:00:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=598828"},"modified":"2023-08-22T09:57:23","modified_gmt":"2023-08-22T04:27:23","slug":"adani-led-promoter-group-hikes-stake-in-flagship-firm-ael-to-69-87","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-led-promoter-group-hikes-stake-in-flagship-firm-ael-to-69-87\/","title":{"rendered":"Adani-led promoter group hikes stake in flagship firm AEL to 69.87%"},"content":{"rendered":"<p>Billionaire Gautam Adani-led promoter group has increased its stake in the group&#8217;s flagship firm as the ports-to-energy conglomerate continues to recover from the effects of a report by US short-seller Hindenburg Research. <\/p>\n<p>Promoter group has increased stake in Adani Enterprises Ltd from 67.65 per cent to 69.87 per cent, according to a stock exchange filing. <\/p>\n<p>Promoter group firm Kempas Trade and Investment Ltd, which had a minimal stake in the firm, acquired 2.22 per cent in the open market between August 7 and August 18, it said. <\/p>\n<p>The stake increase comes at a time when US-based boutique investment firm GQG Partners has been buying shares in Adani group firms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Gautam Adani-led promoter group has increased its stake in the group&#8217;s flagship firm as the ports-to-energy conglomerate continues to recover from the effects of a report by US short-seller Hindenburg Research. Promoter group has increased stake in Adani Enterprises Ltd from 67.65 per cent to 69.87 per cent, according to a stock exchange filing. Promoter group firm Kempas Trade and Investment Ltd, which had a minimal stake in the firm, acquired 2.22 per cent in the open market between August 7 and August 18, it said. The stake increase comes at a time when US-based boutique investment firm GQG [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-598828","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/598828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=598828"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/598828\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=598828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=598828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=598828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}