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US Capital Group boosts Adani exposure, trims stake in Reliance Industries

The firm has reportedly invested over USD 2 billion across Adani Ports, Adani Power and Adani Green Energy, including a nearly 2 per cent stake in Adani Ports acquired in May through open-market transactions

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Adani stocks gain traction as Reliance holdings decline. File Pic

Adani stocks gain traction as Reliance holdings decline. File Pic

In a major shift among foreign investors regarding their investments in India's largest conglomerates, the prominent investment management firm Capital Group has increased its exposure to Adani Group companies while decreasing holdings in Reliance Industries Ltd (RIL), according to a new report. 

According to a Bloomberg report, citing people familiar with the matter, the US-based firm has acquired stakes worth over USD 2 billion across three Adani Group companies -- Adani Ports, Adani Power and Adani Green Energy.

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