NRI investor Rajiv Jain’s GQG Partners has increased its stake in at least four Adani Group companies during the September quarter, despite a decrease in promoter holding for two of them. An analysis of the September quarter shareholding pattern shows that GQG’s stake in Adani Energy Solutions rose from 4.57% in Q1 to 4.7% in Q2, with Team Jain acquiring 5,511,064 shares of the company.
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