Growth share Archives - Republic Aeon https://republicaeon.com/tag/growth-share/ Know Your World! Thu, 02 Mar 2023 19:28:04 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.2 https://republicaeon.com/wp-content/uploads/2022/11/cropped-RA_LIGHT_FINAL-removebg-preview-32x32.png Growth share Archives - Republic Aeon https://republicaeon.com/tag/growth-share/ 32 32 Adani Promoters Raise Rs 15,446 Crore From GQG Partners By Selling Stakes In Group Firms https://republicaeon.com/adani-promoters-raise-rs-15446-crore-from-gqg-partners-by-selling-stakes-in-group-firms/ Thu, 02 Mar 2023 16:42:09 +0000 https://republicaeon.com/?p=9040 Thursday, proprietors of the Adani Group sold stakes in four companies of the apple-to-airports conglomerate to the U.S. investment firm GQG Partners for $1.87 billion, or approximately Rs 15,446 crore. According to a group statement, the investments were made by Adani Enterprises Ltd., Adani Ports and Special Economic Zone Ltd., Adani Green Energy Ltd., and […]

The post Adani Promoters Raise Rs 15,446 Crore From GQG Partners By Selling Stakes In Group Firms appeared first on Republic Aeon.

]]> Thursday, proprietors of the Adani Group sold stakes in four companies of the apple-to-airports conglomerate to the U.S. investment firm GQG Partners for $1.87 billion, or approximately Rs 15,446 crore.
According to a group statement, the investments were made by Adani Enterprises Ltd., Adani Ports and Special Economic Zone Ltd., Adani Green Energy Ltd., and Adani Transmission Ltd.

Adani stocks: GQG Partners buys stake worth ₹15,446 cr in mega block deals | Mint

SB Adani Family Trust sold to GQG Partners 3,39% of Adani Enterprises, 0.04% of Adani Ports, 2.55% of Adani Transmission, and 3.51% of Adani Green Energy.
As of January, GQG Partners is a global equity investment boutique that manages $92 billion in client assets.

Rajiv Jain, chairman of GQG Partners, said in a statement, “We believe that the long-term growth prospects for these companies are substantial, and we are pleased to be investing in companies that will help advance India’s economy and energy infrastructure, including their energy transition, over the long term.”

Earlier in the day, exchanges reported numerous transactions involving Adani Group shares.

Adani Group’s chief financial officer, Jugeshinder (Robbie) Singh, said in a statement, “We value GQG’s position as a strategic investor in our infrastructure and utility portfolio of renewable energy, logistics, and energy transition.” This transaction demonstrates the sustained faith of global investors in the governance, management practises, and expansion of the Adani portfolio of companies, he stated.

ALSO READ : India Q3 GDP growth 4.4% amid slew of revisions

After remaining volatile in the wake of the Hindenburg Research report alleging stock manipulation and fraud, Adani Group shares extended gains for a third consecutive day on Thursday. The conglomerate termed the allegations “malicious” and intended to harm Adani Enterprises Ltd.’s withdrawn follow-on public offering.

Thursday, the Supreme Court ordered the market regulator SEBI to investigate the allegations in the current set of Adani-Hindenburg petitions. The supreme court ruled that SEBI must conclude its investigation and submit a report within two months. The court also appointed a panel of experts, including KV Kamath and Nandan Nilekani, to investigate the situation.
Adani Enterprises is in the midst of acquiring a 49 percent stake in BQ Prime’s owner, Quintillion Business Media Ltd.

 

The post Adani Promoters Raise Rs 15,446 Crore From GQG Partners By Selling Stakes In Group Firms appeared first on Republic Aeon.

]]>