Adani Ports: LIC, MFs trim stakes, GQG investment pushes FPI holding to multi-quarter high

Adani Ports & SEZ (Adani Ports) saw a jump in foreign portfolio investor (FPI) holding to a multi-quarter high in the March quarter, thanks to investments by Rajiv Jain-led GQG investment this past month. Domestic institutions such as Life Insurance Corporation of India (LIC) and mutual funds trimmed stakes in the Adani group firm during the same period, latest shareholding pattern suggests.