GQG Partners buys 8.1% stake in Adani Power

NEW DELHI: Two promoter entities of Adani Power sold shares worth over Rs 8,700 crore, or 8.1% stake in the utility company to US-based investment firm GQG Partners in bulk deals on Wednesday.

The stake sale comes as the billionaire Gautam Adani-promoted Adani Group continues to realign its business empire following a vicious attack by short-seller Hindenburg Research earlier this year.