Indian Fund Managers Continue to Trim Holdings in Adani Group Stocks

Indian Fund Managers Continue to Trim Holdings in Adani Group Stocks.

While some fund managers such as Mirae Asset Investment Managers Pvt. and HSBC Asset Management India Pvt.

[{"selector":"#anim-10763886-5b18-4a65-851f-6b07c462d223","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a032c934-1361-4b69-86b9-cdadf756ab0e","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The shares purchased by them in two group entities totaled less than 700,000.

[{"selector":"#anim-65111578-90b1-457a-865a-b6a2b1dc82c4","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fc6289be-42a9-459e-ab29-c01de7cf1b03","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Adani Group saw $153 billion wiped off its market value.

[{"selector":"#anim-e359f510-1015-448b-9192-531a36c5ef4f","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ed966513-59a1-413a-b323-755337920f7b","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]