Adani Enterprises Limited
SBI Mutual Fund made a new entry into Adani Enterprises by acquiring 3,80,43,750 shares, representing a 2.81% stake, worth ₹12,021.57 crore at ₹3160.70 apiece. This includes multiple transactions where SBI Mutual Fund bought stakes in Adani Enterprises from GQG Partners.
A diversified infrastructure and resources conglomerate with extensive operations spanning mining, integrated resource management, and large-scale infrastructure development across airports, roads, rail and metro systems, water projects, and data centres. The company also manufactures solar equipment and maintains active involvement in agriculture and defence sectors. Adani Enterprises manages multiple economic verticals through an integrated and vertically diversified business model across India.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.