Rajiv Jain’s GQG Partners, a global investment firm managing funds for institutions and individuals, has significantly increased its stake in five Adani Group companies, spending a total of ₹5,094 crore. The companies in focus are Adani Enterprises, Adani Ports & SEZ (APSEZ), Adani Green Energy, Adani Energy Solutions, and Adani Power.
The purchases were made through block deals, which are large share transactions conducted outside the open market. Most of the shares came from Reliance Trust Institutional Retirement Trust Series Eleven. This move reflects GQG Partners’ strong confidence in the Adani Group’s businesses across energy, infrastructure, and green power sectors.
The investment was spread across the five companies, with Adani Enterprises accounting for around 53.42 lakh shares purchased at ₹2,462 each, costing approximately ₹1,315.2 crore. Adani Ports & SEZ saw about 73.17 lakh shares bought at ₹1,507.6 each, totaling ₹1,103.14 crore, while Adani Green Energy involved nearly 77.39 lakh shares at ₹1,088.6 each, amounting to ₹842.53 crore. Adani Energy Solutions recorded 53.94 lakh shares at ₹1,021.55 each, roughly ₹551.08 crore, and Adani Power added 83.61 lakh shares at ₹153.28 each, totaling around ₹1,281.57 crore.
Prior to this transaction, GQG Partners held smaller stakes in these companies, ranging from about 1.5% to 2.5% in each. The recent purchases significantly increase GQG’s presence in the Adani Group, indicating confidence in the group’s growth prospects and long-term potential.
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