Adani Promoters sell shares of Adani Enterprises, Goldman Sachs GQG buys shares in Adani Green Energy: Report
Mumbai: Goldman Sachs GQG and other foreign investors have made significant investments in Adani Green Energy and Adani Enterprises, according to recent reports.
In separate block deals worth $1 billion, Goldman Sachs GQG acquired 1.19 crore shares of Adani Green Energy, while the Adani family sold 1.8 crore shares of Adani Enterprises, ET reported.
The SB Adani Family Trust also sold 1.8 crore shares of Adani Enterprises in a bulk deal worth Rs 4,140 crore.
Additionally, Infinite Trade and Investment was seen selling 4,60,00000 shares of Adani Green Energy.
Foreign investors, including GQG, are estimated to have invested approximately $1 billion in the two Adani stocks. It is believed that these investors purchased promoter stake worth $500 million in each of the two companies.
Following these bulk deals, the shares of Adani Enterprises closed 5.34% higher at Rs 2,403.65 on the BSE, while Adani Green shares ended 0.16% lower at Rs 958.40.
For Goldman Sachs GQG Partners, this marks their third round of investment in the Adani Group.
Earlier, in March, when there was selling pressure on Adani stocks due to allegations made in the Hindenburg report, GQG made a contra bet by investing Rs 15,446 crore in four Adani Group firms, including Adani Ports and Special Economic Zone, Adani Green Energy, Adani Transmission, and Adani Enterprises.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
