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.
What happened
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
Key facts
- $2 billion Adani stake purchases
- 2% stake in Adani Ports for ₹74.86 billion ($776 million)
- 1.5-2% stakes in Adani Power and Adani Green
- Capital Group AUM $3.3 trillion
- Reliance holding 142 million shares (Mar) vs peak 755 million in Mar 2017
- Reliance shares -8.36% YoY
- Adani Power +94%, Adani Green +35%, Adani Ports +25% YoY
Why this matters
This $2B rotation reshapes the foreign shareholder base across both groups, potentially altering activist dynamics, block-deal liquidity, and strategic-partnership optics for any cross-conglomerate M&A or JV conversations.