Adani Ports and Special Economic Zone Limited recorded higher overall foreign portfolio investor holdings in the September quarter amid GQG Partners' broader estimated Rs 8,000 crore Adani selldown, while mutual funds reduced their holdings in the company.

Adani Ports and Special Economic Zone Limited faces regulatory scrutiny after Kerala Leader of the Opposition Pinarayi Vijayan wrote to SEBI and stock exchanges seeking intervention in its proposed sale of a 49% stake in Adani Vizhinjam Port Private Limited to Mediterranean Shipping Company for about USD 1.4 billion. Vijayan alleged the transfer breached Clause 5.3.1 of the Kerala concession agreement requiring prior state approval for transfers above 25%, and alleged inadequate disclosure under SEBI listing regulations.