Adani sells shares in Adani Power to GQG Partners, others for $1 bn
Australia-listed investment firm GQG Partners on Wednesday invested $1.1 billion (Rs9,000 crore) in Adani Power by buying an 8.1 per cent stake from the Adani family via multiple block deals.
With this investment, GQG Partners has bought Rs34,000 crore ($4.2 billion) worth of shares in Adani group companies since March this year. Interestingly, the move comes days after Qatar Investment Authority, a sovereign fund, picked up a 2.7 per cent stake in Adani Green Energy for Rs3,920 crore.
