American financial powerhouse GQG Partners (GQG), along with other investors, acquired shares worth $1 billion (Rs. 8,200 crore) from Adani family in the group’s flagship Adani Enterprises Limited (AEL) and Adani Green Energy Limited (AGEL) via block deals on Wednesday.
About 48 million shares, or 3 per cent of the total equity of AGEL, and a 1.6 per cent stake, or 18 million shares, in AEL, were sold via block deals to GQG on Wednesday, informed bankers.
Following the transactions, the shares of AGEL closed flat at Rs. 958 per share, while AEL’s shares closed 5.34 per cent up at Rs. 2,404 per share.
On March 2, GQG first invested $1.9 billion (Rs. 15,446 crore) in Adani Ports and Special Economic Zone (APSEZ), AGEL, Adani Transmission Limited (ATL), and AEL.
