Adani Block Deal Complete – GQG Partners, Goldman Sachs Investment View Details

Adani block deal: GQG Partners, a leading US-based global equity investment boutique has invested $1.87 billion (Rs 15,446 crore) in three Adani group companies through a block deal, while Goldman Sachs bought 8.2 million shares from the company Are.

“GQG Partners, a leading US-based global equity investment boutique, today announced that it has undertaken Rs 15,446 crore (USD 1.87 billion) in a series of secondary block trade transactions across Adani portfolio companies – Adani Ports and Special Economic Zone Limited, Adani Has been completed. Green Energy Ltd, Adani Transmission Ltd and Adani Enterprises Ltd”, Adani Group said in a BSE filing on Thursday.

Rajeev Jain, President and CIO, GQG Partners, said: “I am excited to take initial positions at Adani Companies. Adani Companies own and operate some of the largest and most important infrastructure assets across India and around the world.

Gautam Adani is widely regarded as one of the best entrepreneurs of his generation. We believe these companies have substantial long-term growth potential, and we are pleased to invest in companies that will help advance India’s economy and energy infrastructure, including their energy transformation, over the long term.

Jugeshinder (Robbie) Singh, Group CFO, Adani Group, said: “We are delighted to have completed this historic transaction with GQG. We value GQG’s role as a strategic investor in our infrastructure and utility portfolio of sustainable energy, logistics and energy transition. This transaction reflects the continued confidence of global investors in the governance, management practices and growth of Adani’s portfolio of companies.”

A look at the latest sale of Adani Group shares by promoters
Shareholding (%) of companies Value (Rs. Crore)
AdaniPorts 4.1 5,282
Adani Green 3.5 2,806
Adani Enterprises 3.4 5,460
Adani Transmission 2.5 1,898