GQG, other investors buy $1 bn stake in Adani firms in block trade

Mumbai, 28/6: US-based boutique investment firm GQG Partners and other investors have bought close to $1 billion worth of stocks in Adani group’s two firms from the founding family in large block trades.

 

 

The group’s flagship Adani Enterprises Ltd saw 18 million shares, or 1.6 per cent, trade in a single block while the renewable energy firm Adani Green Energy saw a total 35.2 million shares, or 2.2 per cent, change hands, sources aware of the matter said.