Mutual funds sell over ₹1,160 crore in Adani Group shares in April
In April, mutual funds collectively sold shares worth over ₹1,160 crore across eight listed entities of Adani Group, Moneycontrol reported. Seven of the listed Adani companies saw mutual funds' shareholding go down in April, compared to four in March. The largest divestment was seen in Adani Enterprises. Market experts said many mutual funds continue to view conglomerate firms as high-risk.