Two promoter entities have bought an additional 2.06 per cent stake in Adani Enterprises Ltd (AEL) from the open market. Their purchase has resulted in promoter stake rising to 71.93 per cent in the group firm.

These purchases were made by Kempas Trade and Investment and Infinite Trade and Investment.

In a regulatory filing made on Saturday, Kempas disclosed that it has bought 68,99,300 shares of AEL constituting 0.61 per cent of its equity between August 21 and 22, while 1,66,00,000 equity shares (0.46 per cent) were added by Infinite Trade between August 30 and September 7.

Prior to the acquisition, their combined stake stood at 79,65,48,453 shares, or 69.87 per cent, of AEL’s equity.

The price at which these shares were bought were not disclosed.

Following the purchase, the holding of the two entities stand at 4.28 per cent. Of the residual promoters’ stake, Gautam Adani and Rajesh Adani on behalf of the S B Adani Family Trust hold 50.29 per cent, while the rest is spread between other promoter shareholders such as Adani Tradeline Pvt Ltd, Flourising Trade and Investment, Worldwide Emerging Market Ltd and Afro Asia Trade and Investment Ltd.

This is for the second time in less than a month that Kempas is raising its stake in AEL. Between August 7 and 18, it had acquired 2,53,00,000 shares, or 2.22 per cent, of the company’s equity, resulting in the promoter group holding increasing to 69.87 per cent from 67.65 per cent.

The stake increase comes after the US-based boutique investment firm GQG Partners increased its bet on group firms.

GQG increased its stake in Adani Ports & Special Economic Zone (APSEZ) to 5.03 per cent in July via open market purchases. It now holds stake in five of the 10 Adani Group firms.

On August 16, it bought a 7.73 per cent stake in Adani Power Ltd. Then, promoter group firms Worldwide Emerging Market Holding and Afro ASIA Trade And Investments had sold an 8.09 per cent stake in the company through block deals on August 16. Of this, GQG bought 7.73 per cent.