Promoters of the Adani Group boosted their stakes in three group companies in the September quarter while paring it in Ambuja Cements, in line with the conglomerate's strategy to rebalance holdings in listed firms. Through this exercise, the promoters aim to eventually hold stakes of 64-68% each across group companies, ET reported in August. The promoter group raised its stake in Adani Enterprises, Adani Power and Adani Green Energy last quarter. According to the average price of shares during the quarter, promoters are likely to have spent about ?16,134.31 crore on raising their holdings in the three companies. Promoters hiked their stake in Adani Green Energy by 3.42 percentage points sequentially-the highest among group companies-to 60.94% stake in the company as of September 30. In flagship firm Adani Enterprises, promoters increased their stake by 17 basis points during the quarter to 74.89% stake as of September 30, just shy of the 75% limit prescribed by the Securities and Exchange Board of India. In Adani Power, promoters increased their stake by 2.25 percentage points to 74.96%, according to the latest shareholding data. While the promoter family boosted its stake in Adani Power during the quarter, it plans to pare it by the end of the year. Promoters want to sell a 3% stake to raise about ?8,000 crore-?10,000 crore by the end of the year, sources told ET in August. US investment manager GQG Partners has also increased its stake in several Adani group firms including Ambuja Cements, Adani Power, Adani Green Energy, Adani Energy Solutions and Adani Wilmar last quarter. It has increased its stake in Ambuja Cements by 70 basis points-the highest among all Adani companies in its portfolio-to more than 2% at the end of the September quarter. Adani Group promoters have meanwhile, pared their stake in Ambuja Cements by 2.76 percentage points in the September quarter to 67.57%. Last week, Adani Enterprises raised $500 million through a qualified institutional placement. The company had shareholders' approval to raise Rs 166 billion. Earlier in the September quarter, Adani Energy successfully raised $1 billion through a QIP, which was oversubscribed by six times. Investors subscribing to the QIP included GQG partners.