Global investment giant Capital Group has reportedly built stakes worth more than $2 billion across multiple Adani Group companies, signalling a notable shift in foreign investor preference from Reliance Industries toward the Adani ecosystem.
According to reports, the Los Angeles-based asset manager has been steadily increasing its exposure to Adani firms while trimming holdings in Reliance Industries in recent months.
Major Stakes Acquired in Adani Ports, Power, and Green Energy
Capital Group recently acquired nearly a 2% stake in Adani Ports and Special Economic Zone through open-market transactions valued at around ₹7,486 crore ($776 million), based on BSE block deal data.
The firm has also reportedly accumulated stakes ranging between 1.5% and 2% in Adani Power and Adani Green Energy, taking its total exposure across Adani entities beyond $2 billion.
The investment reflects growing confidence in the group’s infrastructure, energy transition, and utility businesses despite past regulatory scrutiny and market volatility.
Investor Confidence Returns to Adani Ecosystem
The pivot toward Adani stocks marks a broader recovery in institutional sentiment after the group faced intense scrutiny following allegations made by Hindenburg Research in 2023.
Adani Group companies have delivered strong market performance over the past year, supported by fundraising activity, infrastructure expansion, and growing focus on renewable energy and AI-linked infrastructure.
The development also highlights how global investors are increasingly betting on India’s infrastructure and energy transition themes through large conglomerates with execution scale and capital access.