Adani Enterprises Ltd.

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Adani portfolio companies sell stakes worth Rs 15,446 crore to GQG Partners

Date: 03-03-2023

Leading US Global equity boutique -- GQG Partners has completed a Rs 15,446 crore ($1.87 billion) investment in a series of secondary block trade transactions in the Adani Portfolio companies - Adani Ports and Special Economic Zone, Adani Green Energy, Adani Transmission and Adani Enterprises.

The investment has made GQG a key investor in the development and growth of critical Indian infrastructure. Jefferies India acted as a Sole Broker for the transaction.

GQG took 38701168 shares in Adani Enterprises for about Rs 5,460 crore, 88600000 shares in Adani Ports for Rs 5,282 crore, 28400000 shares in Adani Transmission for Rs 1,898 crore, and a 55600000 shares in Adani Green Energy for Rs 2,806 crore.

Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.