US-based boutique investment firm GQG Partners has ramped up its shareholding in two Adani group companies to more than 5 per cent in signs of its confidence in the group despite the damning report of a US short seller.
On June 28, GQG bought $1 billion (Rs 8,265 crore) worth of additional stakes in the group’s flagship Adani Enterprises Ltd and renewable energy firm Adani Green Energy Ltd.
The stake sale in Adani Enterprise was through one block deal, where GQG bought 1.79 crore, or 1.58 per cent, more shares to take its holding to 6.15 crore shares or 5.4 per cent of the total, according to stock exchange filings.
