US-based global equity investment firm, GQG Partners, and Abu Dhabi-based IHC Group have acquired shares worth nearly $1 billion in Adani Enterprises Ltd and Adani Green Energy Ltd through block deals in the open market. Adani Enterprises’ shares spiked up 4.7 per cent to close at ₹2,403.65 a piece on the BSE while Adani Green Energy Ltd’s shares were down 0.95 per cent to close at ₹958.40. In March, GQG Partners bought 38,701,168 Adani Enterprises shares at ₹1,411 a piece for ₹5,460 crore. Abu Dhabi-based International Holding Company PJSC (IHC) is also an existing investor in Adani group entities. In 2022, it had completed its ₹15,400-crore investment transaction in three Adani portfolio companies — Adani Green Energy (AGEL), Adani Transmission (ATL) and flagship Adani Enterprises (AEL).

Source: The Hindu June 29, 2023 10:24 UTC