The promoters of the Adani group have raised Rs 15,446 crore or $1.87 billion by selling stakes in four companies to GQG Partners, a US-based equity investment firm.
S.B. Adani Family Trust, which is classified as a promoter entity, sold shares in Adani Enterprises, Adani Ports & Special Economic Zone, Adani Transmission Ltd and Adani Green Energy Ltd. The trust has also reportedly sold shares to Goldman Sachs.
GQG Partners picked up 3.87 crore shares or 3.39 per cent of Adani Enterprises at Rs 1,410.86 per share for a consideration of Rs 5,460 crore. It purchased 8.86 crore shares (4.10 per cent) of Adani Ports at Rs 596.20 for Rs 5,282 crore.
