Adani's investor Elara also a co-owner with conglomerate in ADTPL: Report

Elara holds a 1.6 per cent stake in Adani Enterprises, 3.62 per cent in Adani Transmission and 1.62 per cent in Adani Total

A venture capital (VC) fund managed by Elara Capital, Elara India Opportunities Fund (Elara IOF), is a promoter entity with the Adani Group in Bengaluru-based defence company Alpha Design Technologies Pvt Ltd (ADTPL), as reported by the Indian Express (IE). ADTPL works closely with ISRO and DRDO. It also has a Rs 590 crore contract with the Union Ministry of Defence to upgrade Pechora missile and radar systems. 

Adani and Elara jointly own a 51.65 per cent stake in ADTPL. 

Elara holds shares predominantly in Adani Group companies. The report by IE showed that its holdings in three companies of the conglomerate