FIIs Cut Stakes in 6 Adani Group Companies Worth ₹4,640 Crore in Q1 FY26

During Q1 of FY26, foreign institutional investors (FIIs) significantly reduced their shareholdings in 6 out of eight publicly listed Adani Group firms, offloading equity worth a total of ₹4,640 crore. This shift in investment strategy highlights changing sentiment among offshore investors towards the conglomerate's diversified business segments.

₹4,640 Crore Divestment: Adani Energy and Ambuja Cements Lead the Sell-Off

Adani Energy Solutions recorded the largest FII exit with ₹1,833 crore worth of shares offloaded, causing the foreign stake to drop from 17.58% to 15.85%. Following closely, Ambuja Cements saw a ₹1,662 crore sell-down, with FII shareholding plummeting from 8.6% to 7.44%. In Adani Green Energy, investors sold stocks worth ₹924 crore, reducing their holdings to 11.58% from 12.45%.

Other Adani Firms See Moderate FII Selling

Adani Enterprises experienced foreign selling of ₹490 crore during the quarter. Adani Total Gas and ACC Ltd followed, facing stake reductions worth ₹152 crore and ₹62 crore respectively. Despite these exits, GQG Partners maintained consistent holdings in most Adani firms barring one, though their name dropped off the shareholder list of Ambuja Cements, possibly indicating a stake below 1% threshold rather than a complete exit.

Read More: FII Outflows Hit ₹11,778 Crore in July: 3 Reasons Behind the Exit!

Exception Cases: FIIs Buy into Adani Ports and Adani Power

Amid widespread divestments, Adani Ports & SEZ and Adani Power emerged as exceptions. FIIs increased their stakes by ₹284 crore and ₹200 crore respectively, signalling continued investor confidence in these specific verticals. Meanwhile, domestic mutual funds showed limited interest across the group, except for some selling in ACC.

Conclusion

The first quarter of 2025 saw extensive FII reshuffling in Adani Group stocks, with key exits in energy, cement, and utility arms totalling ₹4,640 crore. While some companies suffered major stake reductions, others like Adani Ports and Adani Power attracted additional interest, indicating selective optimism among investors.

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