In a recent report, it has been revealed that US-based GQG Partners and other investors have bought around $1 billion worth of Adani Group stocks. This is the third time in the past four months that they have invested in the group. The investments were made through special agreements called block deals.
During the same day, a large number of shares were traded. About 18 million shares of Adani Enterprises (Gautam Adani's flagship company) were bought, which is around 1.6% of the total shares available. Additionally, 35.2 million shares of Adani Green Energy (another company in the Adani Group) were traded, making up about 2.2% of the total shares.
As a result of these investments, the stock price of Adani Enterprises increased by 5.5%, reaching Rs 2,405. On the other hand, the stock price of Adani Green Energy remained stable.
The consistent investment from GQG Partners and other investors demonstrates their trust and positive outlook for the Adani Group. This also shows that the Adani Group is considered an important and reliable player in the Indian business sector. Their continued growth and expansion across different industries have attracted the attention and investment of both local and international investors.
