GQG partners increases stake in two companies of Adani group

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According to information given to the stock market, this stake sale in Adani Enterprises was done under a bulk deal, in which GQG bought an additional 1.79 crore or 1.58 per cent shares, taking its stake to 6.15 crore shares or 5.4 per cent.

New Delhi. American investment firm GQG Partners has increased its stake in two Adani Group companies to more than five per cent. GQG on June 28 infused an additional $1 billion (Rs 8,265 crore) in Adani Group flagship company Adani Enterprises Ltd and renewable energy firm Adani Green Energy Ltd. According to information given to the stock market, this stake sale in Adani Enterprises was done under a bulk deal, in which GQG bought an additional 1.79 crore or 1.58 per cent shares, taking its stake to 6.15 crore shares or 5.4 per cent.

According to another information given to the stock market, industrialist Gautam Adani and his brother Rajesh S Adani have sold shares of the promoter family. After this, the Adani family’s stake in Adani Enterprises has come down from 69.23 percent to 67.65 percent. According to the information, GQG has taken its stake in Adani Green Energy to 10.35 crore shares or 6.54 per cent by buying an additional 4.47 crore or 2.82 per cent shares. The amount of these deals was not mentioned in the information given to the stock market, but sources say that the American company has bought the shares of both the group companies for $ 500 million each.

Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.



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