Capital Group rotates $2B into Adani stocks, trims Reliance stake to 142M shares from 2017 peak
The $3.3T US asset manager has built ~2% positions in Adani Ports (₹74.86B), Adani Power and Adani Green while cutting Reliance Industries holdings by over 80% from a March 2017 peak of 755M shares. Adani Power is up 94% YoY and Adani Green 35%, while Reliance has slipped 8.36% YoY — a clear foreign-investor reweighting between India's top conglomerates.
Capital Group has bought over $2 billion in Adani Ports, Power and Green stakes while cutting its Reliance Industries holding to 142 million shares from a 2017 peak of 755 million, signaling foreign-investor rotation between India's top conglomerates.