The purchases come as governance concerns surrounding the Adani conglomerate continue to ease, signaling improving investor confidence in the flagship company.
Indian mutual funds bought 46.60 billion rupees of Adani Enterprises shares last month, a sign that domestic institutional appetite for the flagship Adani group company is strengthening. The buying came as governance concerns around the conglomerate continued to ease, suggesting some investors are growing more comfortable with the group after a prolonged period of scrutiny.