NEW DELHI: The US-based investment firm GQG Partners and others investors made bought around $1 billion worth of Adani Group‘s stocks on Wednesday. This is the third round of investment in the company’s stocks in the last four months.
“GQG and other investors have bought $1 billion of additional stake in Adani Group stocks through block deals,” ET Now reported quoting sources close to the matter.
The group’s flagship Adani Enterprises Ltd saw 18 million shares, or 1.6%, trade in a single block while the renewable energy firm Adani Green Energy saw a total 35.2 million shares, or 2.2%, change hands, sources said.
“GQG and other investors have bought $1 billion of additional stake in Adani Group stocks through block deals,” ET Now reported quoting sources close to the matter.
The group’s flagship Adani Enterprises Ltd saw 18 million shares, or 1.6%, trade in a single block while the renewable energy firm Adani Green Energy saw a total 35.2 million shares, or 2.2%, change hands, sources said.
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Meanwhile, the Adani Group’s flagship Adani Enterprises was the top gainer on the Nifty today, rising as much as 4.6% on several block deals.
GQG, which had in March bought shares in four Adani group companies worth $1.87 billion and in May increased the stake by $400-500 million, is said to be one of the investors buying shares in block deal on Wednesday.
