Capital Group rotates $2B from Reliance into Adani, signaling FII conviction shift between India's retail-infra giants
The $3.3T US asset manager has built over $2B across Adani Ports, Power and Green Energy while trimming a 2% Reliance stake to $776M. The pivot reshapes foreign positioning between India's two dominant retail-and-infrastructure conglomerates, with Adani names up 25-94% YTD against Reliance's -8.36%.
Capital Group has built over $2 billion in stakes across Adani Ports, Power and Green Energy while trimming Reliance Industries holdings, signaling a foreign-investor pivot between India's two retail-and-infrastructure conglomerates.