GQG Partners holds 6.54% stake in Adani Transmission, invests over ₹5,645 cr

BL Mumbai Bureau Updated - July 03, 2023 at 07:39 PM.

 Adani Transmission’s shares closed 0.8% higher at ₹773.25 on the NSE.

GQG Partners is holding a 6.54 per cent stake in Adani Transmission, an exchange filing showed.

In March, Rajiv Jain-led GQG Partners bought a 2.5 per cent stake in the Adani firm for ₹2,806 crore at ₹668.40 each. Subsequently, it bought more shares to raise its stake to 3.54 per cent, and last Friday, acquired another 3 per cent stake in bulk deals. The shares were acquired from the promoter group.

At the current market price, GQG’s investment in Adani Transmission is worth around ₹5,645 crore.

The company’s shares ended 0.8 per cent higher at ₹773.25 on the NSE.

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Published on July 3, 2023 14:09
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