LIC, GQG, others drive $3.7 bn investment in Adani cos in FY25

Investor confidence in Adani group companies appears to have climbed following a generally favourable verdict from India's Supreme Court on the Hindenburg matter, and the subsequent closure of Hindenburg's operations.

- Anirudh Laskar

MUMBAI:

During the fiscal year ended 31 March, Life Insurance Corp. of India (LIC), Rajiv Jain's GQG Partners, Indian mutual funds (MFs), and domestic retail investors together injected approximately $3.7 billion or 32,571 crore into the group's 10 listed companies, an analysis by Mint of data from BSE showed.

To be sure, in the same fiscal, foreign institutional investors (FIIs) sold shares worth ₹33,945 crore across Adani group firms, except in Adani Energy Solutions, AWL Agri Business and Adani Total Gas.