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Adani Group sells Rs 15,446-cr stake to US equity boutique GQG Partners

"The investment has made GQG a key investor in the development and growth of critical Indian infrastructure," it said

Topics
Adani Group | APSEZ | Stake sale

Press Trust of India 



adani group
Photo: Bloomberg

on Thursday said it has sold minority stakes in four of the conglomerate's listed to American equity investment boutique GQG Partners for Rs 15,446 crore.

In a statement, the group said shares in Adani Ports and Special Econmomic Zone Ltd (APSEZ), Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL) were sold through secondary market block deals.

"The investment has made GQG a key investor in the development and growth of critical Indian infrastructure," it said

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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First Published: Thu, March 02 2023. 18:58 IST

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