Foreign Institutional Investors (FIIs) have significantly reduced their exposure to several Adani Group companies during the first quarter of FY26, pulling out a net sum of approximately Rs 4,639.42 crore. This marks a cautious stance by global investors amid evolving market sentiments and scrutiny over large conglomerates.
According to data from the Bombay Stock Exchange (BSE), FIIs trimmed their holdings in six key Adani firms between the March and June quarters, with the steepest stake reduction seen in Adani Energy Solutions and Ambuja Cements.
Adani Energy Solutions witnessed the largest stake cut by FIIs, falling from 17.58% in March to 15.85% in June—a sharp drop of 1.73 percentage points. This resulted in a net investment outflow of Rs 1,833.85 crore, the highest among all Adani group firms in Q1.
Ambuja Cements followed closely, where FII stake declined by 1.16 percentage points—from 8.60% to 7.44%—leading to a withdrawal of Rs 1,662.67 crore. Adani Green Energy also saw a reduction of 0.87 percentage points, causing an outflow of Rs 924.82 crore.
Adani Enterprises, the group’s flagship company, reported a minor FII stake cut of 0.17 percentage points, but still saw a sizable net investment pullback of Rs 489.54 crore. Similarly, Adani Total Gas and ACC experienced marginal stake reductions of 0.21 and 0.17 percentage points respectively, with corresponding outflows of Rs 151.97 crore and Rs 61.22 crore.
However, not all Adani firms witnessed exits. FIIs marginally increased their stakes in Adani Power (up by 0.09 percentage points) and Adani Ports & SEZ (also up 0.09 points). These two stocks saw inflows of Rs 200.84 crore and Rs 283.80 crore respectively.
Overall, the group recorded a net foreign institutional outflow of Rs 4,639.42 crore in Q1 FY26, indicating a broad-based trimming of positions by global investors despite recovery trends in domestic equity markets.
This development raises important questions about investor confidence in the Adani Group and reflects ongoing caution amid global macroeconomic uncertainties and concerns over governance practices. While retail and domestic institutional investors may continue to support select Adani stocks, the FII behavior suggests a wait-and-watch mode among foreign funds.
Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Investors are advised to do their own research or consult a professional before making investment decisions.
