Adani group on Thursday said it has sold minority stakes in four of the conglomerate's listed companies to American equity investment boutique GQG Partners for Rs 15,446 crore.
In a statement, the group said shares in Adani Ports and Special Econmomic Zone Ltd (APSEZ), Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL) were sold through secondary market block deals.
"The investment has made GQG a key investor in the development and growth of critical Indian infrastructure," it said.
“I am excited to have initiated positions in the Adani companies. Adani companies own and operate some of the largest and most important infrastructure assets throughout India and around the world. Gautam Adani is widely regarded as among the best entrepreneurs of his generation. 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-run,” said Rajiv Jain, Chairman and CIO of GQG Partners.
