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.

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.

Sign up for newsletters, unlock features and do more on The Hindu
LOG IN
Support our reporting.
SUBSCRIBE NOW
Published on July 3, 2023 14:09
Tags

This is a Premium article available exclusively to our subscribers.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

Subscribe
If you're already a subscriber
Access just this article

You have reached your free article limit.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

Subscribe
If you're already a subscriber
Access just this article

You have reached your free article limit.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

Subscribe
or read this article by Downloading TheHindu Businessline News app
If you're already a subscriber
Access just this article

TheHindu Businessline operates by its editorial values to provide you quality journalism.

Support our reporting.
Subscribe
This is your last free article.
to read unlimited content from TheHindu Businessline
Subscribe
Stay updated on Markets,Economy, Agri & more.
Get TheHindu Businessline News App on
Recommended Articles