Home Business Adani Group Fund Raising: Adani Group raised Rs 15,446 crore from GQG Partners

Adani Group Fund Raising: Adani Group raised Rs 15,446 crore from GQG Partners

by Trend News
3 minutes read
Gautam Adani

The promoters of Adani Group have given information about raising money through secondary market transactions on Thursday. According to the statement issued by the company, the promoters of the group have raised Rs 15,446 crore through a block deal.

US-based global investment firm, GQG Partners has bought stake in Adani Group’s portfolio companies for Rs 15,446 crore. GQG Partners has acquired 3.39% stake in Adani Enterprises, 0.04% in Adani Ports, 2.55% in Adani Transmission and 3.51% in Adani Green Energy.

Adani Promoters Raise Funds tn 02032023

We believe these companies have tremendous long-term growth potential, and we are pleased to invest in companies that will help drive India’s economy, infrastructure and energy transition.

Rajiv Jain, Chairman, GQG Partners

On Thursday, many big deals took place in the shares of Adani Group companies.

We recognize the importance of GQG as a strategic investor in Adani Group’s infrastructure and utility portfolio. This transaction has ensured that global investors continue to have faith in the governance, management and growth of Adani Group’s portfolio companies.

Jugeshinder (Robbie) Singh, CFO, Adani Group

Shares of Adani Group saw a rise for the third consecutive day on Thursday. Earlier, due to a report released by Hindenburg Research, there was a lot of volatility in the shares of the group. Describing the allegations made in the Hindenburg report as wrong, Adani Group had said that the purpose of this report was to harm the FPO brought by the company. However, Adani Group had decided to withdraw the FPO in the interest of investors in view of the volatility in the shares after this report.

Adani Stocks Extend Gains In Trade tn 02022023

On Thursday, the Supreme Court, while hearing the petitions filed on the Adani-Hindenburg case, ordered the market regulator SEBI to investigate these allegations. The Supreme Court said that this investigation should be completed within 2 months and the report of the investigation should be filed. The Supreme Court has also constituted a 6-member committee for the investigation, which also includes KV Kamat and Nandan Nilekani.

Read Also: Reliance Industries foray into genome testing, will bring test kit worth Rs 12,000.

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