Adani Group releases Rs 26,500 crore pledged shares in FY24

The Adani Group released around Rs 26,500 crore of pledged shares in fiscal 2024 across its five listed companies, marking the fourth straight year of such releases. Analysts attribute this trend to improved cash earnings, following similar releases of over Rs 15,000 crore each in FY23 and FY22 and Rs 1.27 lakh crore in FY21.

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