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GQG picks up 8.1% in Adani Power for $1.1 billion – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services
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GQG picks up 8.1% in Adani Power for $1.1 billion

GQG picks up 8.1% in Adani Power for .1 billion

The logo of the Adani group is seen on the facade of one of its buildings on the outskirts of Ahmedabad. File
| Photo Credit: REUTERS

U.S.-based boutique investment firm GQG Partners has invested $1.1 billion in Adani Power for an 8.1% stake, sources with knowledge of the matter said on Wednesday.

GQG Partners bought 31 crore shares of Adani Power in the largest ever secondary market equity deal, they said, adding that promoter Adani family sold the stake for over ₹9,000 crore ($1.1 billion).

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