GQG Partners has acquired an $2.1bn stake in Adani Transmission, Adani Enterprises and Adani Green Energy through block deals, marking the first big investment the conglomerate has attracted since it was targeted by US short-sellers in June. Adani affiliates also sold approximately 210 million shares in the block deal. Analysts saw the move as changing investor sentiment towards the firm.
US firm GQG Partners buys $2.1bn stake in three Adani Group companies
US-based investment firm GQG Partners has purchased a stake worth INR154bn ($2.1bn) in three firms belonging to India's Adani Group through block deals.
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