# Los Angeles-based money manager has acquired stakes worth more than $2 billion across three Adani Group companies in recent weeks.

*business · news · 2026-05-22 · The Economic Times*

## Key points

- The Capital Group has invested over $2 billion in three Adani Group companies recently.
- Capital Group acquired nearly a 2% stake in Adani Ports for $776 million on May 5.
- The firm has reduced its Reliance Holdings from 755 million shares in 2017 to 142 million.
- US Justice Department dropped criminal charges against Gautam Adani, resolving a major legal risk.

**Companies:** Reliance Industries Ltd., Adani Group
**Countries:** India, United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/capital-group-builds-2-billion-adani-bet-in-pivot-from-reliance/articleshow/131255626.cms?from=mdr)

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