Rajiv Jain’s GQG Partners Boosts Stake in Adani Group
Rajiv Jain-backed GQG Partners has increased its stake in five Adani Group companies through a block deal worth Rs 5,094 crore.
– Adani Enterprises: 53.42 lakh shares purchased at Rs 2,462 each, totaling Rs 1,315.20 crore.
– Adani Ports: 73.17 lakh shares at Rs 1,507.60, amounting to Rs 1,103.14 crore.
– Adani Green Energy: 77.39 lakh shares at Rs 1,088.60, for Rs 842.53 crore.
– Adani Energy Solutions: 53.94 lakh shares at Rs 1,021.55, totaling Rs 551.08 crore.
– Adani Power: 83.61 lakh shares at Rs 153.28, for Rs 1,281.57 crore.
GQG now holds substantial stakes in these firms.