GQG Partners along with other investors has bought an 8.1 per cent stake in Adani Power for over Rs 9,000 crore ($1.1 billion) as the marquee investor shrugged off damning report of a US short seller to invest in billionaire Gautam Adani's group. GQG Partners and other investors bought 31.2 crore shares of Adani Power in a block deal.
Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.
