Adani Green Energy filed its latest shareholding pattern data with the exchanges on Friday.

What Happened: As per the data, foreign institutional investors cut their stake in the company to 15.2% from the ₹16.91% stake held at the end of the June quarter. However, foreign funds such as GQG Partners Emerging Markets Equity Fund and Goldman Sachs GQG Partners International Opportunities Fund increased their holding in the company marginally.

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GQG Partners Emerging Markets Equity Fund’s stake went up from 1.60% in June to ₹1.62% at the end of September quarter. Goldman Sachs GQG Partners International Opportunities Fund currently holds a 2.59% stake, up from the 2.56% stake it held at the end of the June quarter.

Promoter holding also went up to 60.9% from 57.52% at the end of June. India’s biggest investor Life Insurance Corporation Of India also held on to its 1.36% stake during the quarter.

The Adani Green share price has been mostly quiet since the start of the year. On a year-to-date basis, the stock has gone up around 13% underperforming the benchmark index Nifty 50 which has gone up around 15%.

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