Adani Power Share Price Surge Continues: GQG Partners Invest in Adani Group
📈 GQG Partners is a troubled investor unit of the Adani Group who still prefer to invest in Adani Group’s shares. Billionaire Rajiv Jain-backed GQG Partners saw their capital in Adani Group’s companies increase to ₹57,000 crores in the January-March quarter. In the fourth quarter, GQG Partners strengthened their position among the top five companies of the Adani Group. The report includes prominent players such as Adani Enterprises Limited, Adani Ports, Adani Power, Adani Energy Solutions Limited, and Adani Green Energy.
According to the shareholding data on BSE, the US-based investment firm doubled their stake in Adani Energy Solutions Limited. It increased from 2.02% in December 31 quarter to 4.53% in the fourth quarter, showing a significant growth. Similarly, GQG Partners’ capital in Adani Power Limited increased by 5.2% in the fourth quarter, which is 1% higher than the previous quarter.
GQG Partners also increased their stake in Adani Green Energy by 4.16% in the March quarter, up from 3.68% in December quarter, showing a 0.48% growth. Foreign investors also raised their stake in Adani Enterprises Limited by 3.38% in the March quarter, up from 2.95% in December quarter, a growth of 0.43%.
Furthermore, GQG Partners increased their stake in Adani Ports by 4.07% in the March quarter, up from 3.76% in December quarter. Foreign portfolio investors reduced their stake in Ambuja Cements Limited by 0.15%, bringing it down to 1.68%.
Stay tuned for more updates on Adani Power Share Price as the surge continues!
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