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The Economic Times
The Economic Times
Akash Podishetti

Rs 5,750 crore Adani block deal: SBI Mutual Fund picks stake from GQG

Adani GQG Adani Energy Solutions Adani Enterprises Adani Group SBI Mutual Fund GQG Partners

GQG Partners has pared its holdings in two Adani Group companies through block deals worth about Rs 5,750 crore, with SBI Mutual Fund emerging as the buyer of the entire stake on Friday. According to NSE block deal data, GQG Partners Emerging Markets Equity Fund sold shares in Adani Enterprises and Adani Energy Solutions.

The larger transaction involved 1.64 crore shares of Adani Enterprises sold at Rs 2,913.4 apiece, translating into a deal value of about Rs 4,789 crore. In a separate transaction, GQG sold 63.66 lakh shares of Adani Energy Solutions at Rs 1,504.8 per share, amounting to around Rs 958 crore.

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