Promoters sell shares of Adani Enterprises Goldman Sachs GQG buys shares in Adani Green Energy: Report
Mumbai: Goldman Sachs GQG and other foreign investors have made significant investments in Adani Green Energy and Adani Enterprises, according to recent reports.
In separate block deals worth $1 billion, Goldman Sachs GQG acquired 1.19 crore shares of Adani Green Energy, while the Adani family sold 1.8 crore shares of Adani Enterprises, ET reported.
The SB Adani Family Trust also sold 1.8 crore shares of Adani Enterprises in a bulk deal worth Rs 4,140 crore.
Additionally, Infinite Trade and Investment was seen selling 4,60,00000 shares of Adani Green Energy.
Foreign investors, including GQG, are estimated to have invested approximately $1 billion in the two Adani stocks. It is believed that these investors purchased promoter stake worth $500 million in each of the two companies.
Following these bulk deals, the shares of Adani Enterprises closed 5.34% higher at Rs 2,403.65 on the BSE, while Adani Green shares ended 0.16% lower at Rs 958.40.
For Goldman Sachs GQG Partners, this marks their third round of investment in the Adani Group.
Earlier, in March, when there was selling pressure on Adani stocks due to allegations made in the Hindenburg report, GQG made a contra bet by investing Rs 15,446 crore in four Adani Group firms, including Adani Ports and Special Economic Zone, Adani Green Energy, Adani Transmission, and Adani Enterprises.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
India, China to resume direct flights from late October as ties improve after Galwan clashes
Electronics component scheme draws ₹1.15 lakh cr proposals; surpasses targets for jobs, output and investment
Tripura jailbreak: 5 officials suspended, 2 fugitives re-arrested; hunt for 4 others continues
Internet shut down for 48 hrs in UP’s Bareilly over ‘I love Muhammad’ poster row amid Dussehra festivities
