These shares held by the Adani family, the promoters of Adani Power, were sold for $ 1.1 billion, or about Rs 9,000 crore.
American investment firm GQG Partners (GQG Partners) has picked up 8.1 per cent stake in Adani Group company Adani Power, investing $1.1 billion. Sources gave this information on Wednesday.
Sources familiar with the matter said that GQG Partners acquired this stake by buying 31 crore shares in the stock market. This is the biggest ever share purchase deal from the market.
These shares held by the Adani family, the promoters of Adani Power, were sold for $1.1 billion, or about Rs 9,000 crore. Prior to this, GQG Partners has also acquired 6.8 per cent stake in Adani Green Energy Limited (AGEL), another group company.
