The number of retail shareholders in six Adani group companies fell during the quarter ended March, with Adani Enterprises topping the charts with a 28.7% fall from the year-ago period.
Ambuja Cements followed with a 23.2% fall, while Adani Power (20.6%), ACC (12.1%), Adani Green (10.9%) and Adani Ports and Special Economic Zone Ltd (10.1%) were the others.
The percentage of retail shareholding in these six group companies also fell, with Adani Power taking the most hit with a 2.30% fall, according to Capitaline data.
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The total number of shareholders in six companies – Adani Enterprises (28%), Ambuja Cements (22.9%), Adani Power (20.4%), ACC (12%), Adani Green (10.4%) and Adani Ports (9.8%) — saw a decline during the quarter.