Liquidity Events
Adani Group promoter entity sells stakes in 4 cos to GQG Partners for Rs.15,446-Cr
The promoters of Adani Group have sold shares worth INR 15,446 crore in four listed entities to GQG Partners, a US-based investment firm. The promoters plan to use the proceeds to retire debt. The promoters sold shares in Adani Enterprises worth INR 5,460 crore, and shares worth INR 5,282 crore in Adani Ports & SEZ. They also sold shares worth INR 2,806 crore in Adani Green Energy and INR 1,898 crore in electricity distributor Adani Transmission. Founded and led by Rajiv Jain, GQG is a global and emerging markets investor and manages more than USD 92 Billion in client assets as of January this year. It is listed on the Australian Stock Exchange.
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