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Adani Group May Bring Down Promoter Stake In Companies, But Will Hold Majority
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Adani Group May Bring Down Promoter Stake In Companies, But Will Hold Majority
Adani Group will likely bring down its holding in the companies it promotes, as many of them mature. In an exclusive interview with NDTV Profit, Jugshinder (Robbie) Singh, group Chief Financial Officer, said that Adani Group would focus that capital on companies where it intends to invest 100% of the risk capital needed."Today, on average, we own 69% of the portfolio. It is likely that in the future we may end up owning 60-65%. "This will likely…
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