- LATEST
- WEBSTORY
- TRENDING
BUSINESS
Good news for Gautam Adani as GQG Partners increases investment in Adani Group, buys shares worth Rs...
These strategic investments indicate strong confidence in the future growth of the Adani Group companies, despite recent market fluctuations
Updated : Oct 15, 2024, 08:42 AM IST
 "Gautam Adani")
TRENDING NOW
)
Inside pics of Jamnagar's new king Ajay Jadeja's luxurious house
)
Narayana Murthy's next BIG step, Infosys to no longer send job offer letters, the company will...
)
Who is Oviya, Bigg Boss Tamil contestant whose private video leaked online
)
Mukesh Ambani's superhit new Jio annual plan with unlimited 5G data for just Rs...
)
Sania Mirza spotted in Dubai holding hands of THIS person amid second marriage rumours, watch video here
)
Meet Shah Rukh Khan's spiritual guru, who is Salman Khan, Aamir Khan's close friend, owns business worth Rs...
)
10 times XXX show actress Aabha Paul raised temperature with swimwear pics
)
Why Jimmy Tata was not chosen to succeed Ratan Tata's legacy?
)
This is world's richest city with Rs 143 trillion capital, not Singapore, Riyadh, Hong Kong or New York, it is...
)
After Baba Siddique's murder, Ram Gopal Varma says Lawrence Bishnoi wants to kill Salman Khan to take revenge for...
)
Jigra box office collection day 4: Alia Bhatt, Karan Johar film fails to pass the Monday test, earns just...
)
'We have...': When Aishwarya Rai Bachchan shared why she 'fights everyday' with Abhishek Bachchan
)
Redditors say Aishwarya Rai, Abhishek Bachchan's separation is 'confirmed' after she is absent from Amitabh Bachchan's..
)
This man finished PhD at just 21, was IIT professor at 22, was later sacked from IIT Bombay because...
)
Devara box office collection day 17: Jr NTR, Janhvi Kapoor film shows slight growth, inches towards Rs 300 crore
Promoter group entities and GQG Partners have significantly increased their stakes in Adani Group companies, investing more than Rs 19,000 crore during the September quarter, according to the latest shareholding data. Promoters contributed Rs 12,780 crore, while GQG Partners invested around Rs 6,625 crore.
According to Moneycontrol, Adani Group promoters boosted their stakes in Adani Energy Solutions Ltd, Adani Enterprises Ltd, Adani Green Energy Ltd, and Adani Power Ltd, while reducing their stake in Ambuja Cements. Their largest investment was in Adani Green Energy, where they raised their stake by 3.42 percentage points, buying shares worth an estimated Rs 10,310 crore.
In Adani Power, promoter holdings increased by 2.25 percentage points, with an estimated investment of Rs 5,703 crore. They also invested Rs 427 crore in Adani Energy Solutions and Rs 626 crore in Adani Enterprises. However, their stake in Ambuja Cements fell by 2.76 percentage points after a Rs 4,288 crore sale.
GQG Partners, led by Rajiv Jain, increased its investments in four Adani Group firms, including Adani Green Energy, where it contributed Rs 3,390 crore. The firm also invested Rs 1,784 crore in Adani Energy Solutions and Rs 1,077 crore in Ambuja Cement. GQG’s stake in Adani Energy Solutions rose from 3.4% to 4.7%, and its holdings in Adani Green Energy grew from 4.16% to 5.28%. It also increased its stake in Ambuja Cement and Adani Enterprises.
These strategic investments indicate strong confidence in the future growth of the Adani Group companies, despite recent market fluctuations.c
