American firm increased investment in Adani's company, repurchased stake through block deal, 5.03% stake - Newztezz Online

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Sunday, August 20, 2023

American firm increased investment in Adani's company, repurchased stake through block deal, 5.03% stake

After investing 4242 crores in Adani Power, American firm GQG Partners has made a bumper investment in Adani Port. The company has increased its stake in Adani Port to 5.03% through a bulk deal.

The good days of Gautam Adani are back. Adani Group had suffered a lot due to Hindenburg's report. Despite this, investors' trust on the group remains intact. Despite all the difficulties, foreign investors are investing a lot of money in the companies of Adani Group. Recently, American investor GQG Partners bought a 3.9 percent stake in Adani Power through a bulk deal in the Gautam Adani Group. After 3 days the American firm again bought 22 lakh shares in 0.01 stake in Adani Port. After this deal, the GQG firm has increased its stake in Adani Port to 5.03%. Let us tell you, after the investment of 4242 crores in Adani Power, there was a bumper boom in the stock of the company.

So much share

American firm GQG Partners has increased its stake in Adani Port at a time when Deloitte has resigned from the post of auditor of Adani Ports. That's why this investment is important for the company. At the same time, in the information given to the stock markets, Adani Ports has told that GQG Partners has once again bought shares worth 22 lakhs. After which the American firm's stake in Adani Ports has increased from 4.93 percent to 5.03 percent.

Bought 8 percent stake in Adani Power

According to news agency Reuters, American firm GQG Partners has bought 8.1 per cent stake in Adani Power on Wednesday. For this, $ 1.1 billion was paid by Adani Group.

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