Adani stocks: How LIC, GQG and FIIs reshuffled their portfolios
The December quarter saw India's largest domestic institutional investor Life Insurance Corporation of India ( LIC) reducing stakes in two Adani Group companies while raising bets on ACC. At the same time, GQG, which is one of the largest FII backers of the Ahmedabad-based conglomerate, booked profits in 2 Adani stocks in Q3.
An analysis of the shareholding pattern of Adani stocks shows that LIC ownership in Adani Enterprises fell by 52 basis points to 3.64% in the December quarter. The PSU insurer also chose to book profit in Adani Ports as its ownership in the company fell from 7.73% to 6.79% quarter-on-quarter.
An analysis of the shareholding pattern of Adani stocks shows that LIC ownership in Adani Enterprises fell by 52 basis points to 3.64% in the December quarter. The PSU insurer also chose to book profit in Adani Ports as its ownership in the company fell from 7.73% to 6.79% quarter-on-quarter.
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