Adani promoters may pare more stake in group companies
The promoters of the Adani Group, led by Gautam Adani, plan to continue reducing their holdings in group companies to build a liquidity buffer that can be used to tap new opportunities and invest in other business units. They have already sold stakes to GQG Partners and are in negotiations with other global investors for potential divestments. Talks with a West Asia-based fund are expected to finalize by September.
