GQG Partners raises stakes in 5 Adani Group companies

Mumbai: GQG Partners has increased its stake in five Adani Group companies – Adani Energy Solutions, Adani Enterprises, Adani Green Energy, Adani Ports and Special Economic Zone, and Adani Power – in recent block deals on Tuesday. The Rajiv Jain-backed fund bought shares worth ₹551 crore in Adani Energy Solutions and acquired 53.94 lakh shares at ₹1,021.55 each.

In Adani Enterprises, GQG Partners invested ₹1,315.2 crore by acquiring 53.42 lakh shares at ₹2,462 each.

The company also bought ₹842.5 crore worth of shares in Adani Green Energy and acquired 77.39 lakh shares at ₹1,088.6 each through its various equity vehicles.

Additionally, GQG Partners bought 73.17 lakh shares in Adani Ports and Special Economic Zone for ₹1,507.6 each, amounting to ₹1,103.14 crore,

In Adani Power, the company acquired 8.36 crore shares at ₹153.28 each for a total investment of ₹1,281.57 crore. Besides Adani Group, GQG Partners also invested ₹445.1 crore in GMR Airports by buying 4.55 crore shares at ₹97.68 each. The company further added positions in Bharti Airtel, ICICI Bank, ITC, JSW Energy, JSW Steel, Patanjali Foods, Power Finance Corporation, State Bank of India and Sun Pharmaceuticals. Reliance Trust Institutional Retirement Trust Series Twelve acted as seller in these transactions.