At the last traded price of APSEZ shares, the total value of GQG Partners’ investment in the company is worth Rs 9,100 crore. GQG has been investing in several Adani Group companies after the group came under intense scrutiny following a damaging report by US-based short-seller Hindenburg Research. That is when (in early March) GQG Partners came to the rescue of the Gautam Adani-led group and bought shares worth Rs 15,446 crore in four Adani Group firms -- Adani Ports and Special Economic Zone, Adani Green Energy, Adani Transmission and Adani Enterprises -- through block deals. At the last traded price of APSEZ shares, the total value of GQG Partners’ investment in the company is worth Rs 9,100 crore. That is when (in early March) GQG Partners came to the rescue of the Gautam Adani-led group and bought shares worth Rs 15,446 crore in four Adani Group firms -- Adani Ports and Special Economic Zone, Adani Green Energy, Adani Transmission and Adani Enterprises -- through block deals.

Source: Indian Express August 20, 2023 10:32 UTC