Adani hikes stake in two group companies
Sun, Sep 10, 2023 2:00 PM

Adani hikes stake in two group companies

A Flip by Bhavya Sabharwal
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The Adani Group, led by billionaire Gautam Adani, has increased its stake in two of its listed companies in what's being seen as a comeback strategy after a damaging US report. This includes raising the stake in Adani Enterprises to 71.93% and that in Adani Ports and Special Economic Zone Ltd to 65.23%. US short-seller Hindenburg Research had alleged accounting fraud against the group.

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