16
Jul
Foreign ownership in Adani Enterprises Ltd., the flagship company of billionaire Gautam Adani’s business group, has fallen to a record low, highlighting the growing role of domestic investors in supporting the company’s shareholding base. Foreign portfolio investors held an 8.8 per cent stake in Adani Enterprises at the end of the June quarter, the lowest level recorded since 2009, according to data from Prime Infobase. The figure is significantly below the company’s average foreign holding of more than 18 per cent over the past decade and has declined from a peak of nearly 23 per cent in September 2023. The…
