The trust, which is part of the promoter group, sold stakes in Adani Enterprises, Adani Ports and Special Economic Zone, Adani Green Energy, and Adani Transmission, block deal data showed.
US-based GQG Partners bought Rs 15,446 crore in a series of secondary block trade transactions in the Adani portfolio companies – Adani Ports and Special Economic Zone, Adani Green Energy, Adani Transmission and Adani Enterprises.
“We are delighted to complete this landmark transaction with GQG. We value GQG’s role as a strategic investor in our infrastructure and utility portfolio of sustainable energy, logistics and Energy Transition. This transaction marks the continued confidence of global investors in the governance, management practices and the growth of Adani Portfolio of companies,” said Adani Group CFO Jugeshinder Singh.
Rajiv Jain, Chairman and CIO of GQG Partners, said the long-term growth prospects for these companies are substantial. “We are pleased to be investing in companies that will help advance India’s economy and energy infrastructure, including their energy transition over the long-run,” he said in a statement.
The deal in Adani Enterprises by GQG was worth Rs 5,460 crore as shares were bought at a price of Rs 1,410.86.
APSEZ stock was bought at Rs 596.20 and was worth Rs 5,282 crore. In the case of Adani Transmission, the Rs 1,898 crore deal was done at a price of Rs 668.4 per share. In case of Adani Green Energy, the transaction was worth about Rs 2,806 crore at a share price of Rs 504.6.
Adani Group said the investment has made GQG a key investor in the development and growth of critical Indian infrastructure. Global brokerage Jefferies acted as the sole broker for the transaction.
More to come…
