GQG acquires 3% in Adani Transmission for Rs 2,666 crore
The Adani Group on Friday sold around 3% stake in Adani Transmission through open market transactions to raise about ₹2,666 crore. US-headquartered investment firm GQG Partners – which had bought about $1-billion shares of two other Adani firms on Wednesday – purchased the entire lot, market participants said.
According to NSE bulk deals data, Fortitude Trade and Investment, a promoter of Adani Transmission, sold 33.9 million shares, or a 3.04% stake, in the company for ₹2,666.47 crore at ₹786.19 apiece.
