Business

Adani group sells Rs 15,446-crore stake in its 4 firms to GQG Partners

NewsDrum Desk

02 Mar 2023

New Update

Adani Group Company — Representative Image

New Delhi: Adani group on Thursday said it has sold minority stakes in four of the conglomerate's listed companies to American equity investment boutique GQG Partners for Rs 15,446 crore.

In a statement, the group said shares in Adani Ports and Special Econmomic Zone Ltd (APSEZ), Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL) were sold through secondary market block deals.

"The investment has made GQG a key investor in the development and growth of critical Indian infrastructure," it said.

Adani group ATL Adani APSEZ Adani Ports Adani Enterprises Ltd Adani Transmission Ltd GQG Partners Adani Ports and Special Econmomic Zone Ltd Adani Green Energy Ltd AGEL AEL block deals

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