ADANI GQG DEAL

NRI Rajiv Jain's GQG Partners bought 49 million shares of Bharti Airtel at Rs 1,193.70 from Singtel. Jain had invested over Rs 15,000 crore in Adani stocks last year and also holds stocks in ITC, Patanjali Foods, IDFC First Bank, JSW Energy, Macrote...

GQG Partners, led by Rajiv Jain, bought 49 million shares of Bharti Airtel from Singtel's subsidiary Pastel Limited, reducing Singtel's stake to 29%. Singtel sold stake to fund growth of data center, IT services, and reduce net debt. Singtel raised ...

Following reports that US-based GQG Partners, founded by Rajiv Jain, is in talks to buy a stake in Vedanta, a big block deal was reported on Thursday in which more than 2% equity changed hands worth over Rs 2,600 crore.

The final talks for a potential stake sale have already taken place, and the transaction may take place in a few days in the form of a block deal, the news channel reported. As of December-end, promoter and group entities cumulatively held a 63.71% ...

US-based GQG Partners is in talks to buy a stake in Vedanta. A big block deal worth over Rs 2,600 crore took place in Vedanta. The stake sale could be part of the Anil Agarwal-led mining company’s efforts to raise capital to repay debt.

The shares were bought at Rs 59.09 apiece, a 4% discount to the previous closing price of the stock. Besides GMR Airports in the transport infrastructure space, GQG Partners also has investments in various companies of ADani Group, including Adani E...

Jain’s investment — it came near the trough of the Adani stock meltdown — has been boosted by a rally in this week after the conglomerate’s green energy unit secured a $1.4 bn loan and a Bloomberg News report said US government found shortseller Hin...

The investments are more than double of the USD 2.3 billion witnessed in August 2022, even though the number of transactions has declined from 32 in the year-ago period, as per the monthly report by industry lobby grouping Indian Private Equity and ...

NRI investor Rajiv Jain's GQG Partners shot to the limelight earlier this year after it made contra bets in Adani Group stocks at a time when the conglomerate was marred by corporate governance allegations.

Meanwhile, Mauritius-based Cloverdell Investment has sold 4.2% stake in the company. As of the June quarter, Cloverdell held about 7.12% stake in IDFC First Bank.

As of June 2023 quarter, the NRI investor's fund held a 1.48% stake in FMCG conglomerate ITC, valued at over Rs 8,200 crore. Max Healthcare Institute is also a recent addition to the GQG portfolio where it holds a 2.36% stake worth Rs 1,243 crore.

Barring Adani Green Energy which was down 0.44%, all other stocks viz. Adani Enterprises (0.35%), Adani Ports and Special Economic Zone (1.20%), Adani Transmission (1.88 %), Adani Total Gas (0.09%), Adani Wilmar (0.77%), ACC (0.09%), Ambuja Cements ...

Worldwide Emerging Market Holding, part of the promoter group, offloaded 1.2% stake. Another promoter entity Afro Asia Trade and Investments sold its entire stake in the deal.

Promoter group entity JSW Investments Ltd sold 1.3% stake in JSW Energy Ltd through the open market on Wednesday for Rs 718 crore

Promoter entity Fortitude Trade and Investment has sold its entire stake for about Rs 2,665 crore. GQG Partners has reportedly picked up 1.9% stake or 2.13 crore shares in Adani Transmission

GQG and other investors have bought $1 billion of additional stake in Adani Group stocks through block deals, ET Now reported quoting sources close to the matter.

The Adani Group has sold shares in Adani Enterprises and Adani Green Energy through an open market transaction, raising ₹8,372 crore ($1 billion). GQG Partners acquired shares worth ₹1,100 crore in Adani Green Energy. The sale resulted in an increas...

Following the bulk deals, shares of Adani Enterprises ended 5.34% higher at Rs 2,403.65 on BSE while that of Adani Green ended 0.16% lower at Rs 958.40.

Marking a third round of investment in Adani stocks in the last four months, US-based GQG Partners and others on Wednesday bought around $1 billion worth of the conglomerate's stocks, according to a report. GQG and other investors have bought $1 bil...