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regular-article-logo Tuesday, 01 October 2024

Adani sells Rs 15,446-crore stake to GQG Partners

The shares was sold through secondary market block deals

PTI New Delhi Published 02.03.23, 07:40 PM
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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.

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

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

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