Adani Group sells stakes worth Rs 15,446 crore to GQG Partners


NEW DELHI: The Adani Group has sold stakes worth Rs 15,446 crore to a leading US-based global equity investment boutique GQG Partnersthe company said in an official release to the bourses on Thursday.
In a series of secondary block trade transactions, the group sold stakes in four of its companies – Adani Ports and Special Economic Zone Limited, Adani Green Energy Limited, Adani Transmission Limited and Adani Enterprises Limited.
With this investment, GQG has become a key investor in the in the development and growth of critical Indian infrastructure, the Adani group said.
“We believe that the long-term growth prospects for these companies are substantial,” said Rajiv Jain, chairman and chief investment officer of GQG Partners.
“We are pleased to be investing in companies that will help advance India’s economy and energy infrastructure, including their energy transition over the long-run.”


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