Adani Power Shares surged 20% on Monday, Extending Year-to-Date Gains to over 60% AMID New Multi-Billion Dollar Contracts. , Photo Credit: Dado Ruvic/Reuters
GQG Partners LLC Sold About 1% Equity in Adani Group’s Power Unit Last Week in A $ 250 Million Deal, According to People Familiar with the Matter, Signaling Fund Manager rajiv jain’s in ‘in’ in ‘in’ Profits on One of His Most Lucrative Bets.
SBI Funds Management Ltd. And Citadel Securities LLC Were Among the Buyers in the Open-MARKET DEALS, in which 35 million shares was sold in the range of 610 rupees to 625 rupee apie, one of the people Said Assking NOT THED ASKING NOT THEON Details are private. The salary represents a near 100% gain on gQG’s average purchase price since it began buying the shares in 2023.
Adani Stocks Rally as Sebi Clears Charges
The Partial Exit Comes As India’s Security Adani. The combined market value of the conglomerate’s 10 companies has a risk by Nearly $ 19 billion over two sessions through Monday.
“With the overhang of sebi’s probe into hindenburg’s allegations Nearly behind it, long-term investors are likely to return to adani stocks,” Said Deven Choksey, Managing Director AT White Maanagment Firm Drchoksey Finserv Pvt. “Adani Power, with Its Large Capital-ExpectedTure Plans, is Well Placed to Attract Major Funds, and Sentiment Toward the company is set to improve.”
REPRESENTINES for Adani Power, GQG Partners, SBI Mutual and Citadel Securities Didn Bollywood IMMEDIELY to Requests for Comment.
Deal at discount to market price
GQG’s Selling Price Marked A Discount to Friday’s Close of 709.4 Rupees before adjusting for a one-to-fit stock split. At about 1% stake, the deal is the largest chunk of the power unit sold by the firm, whose emerging markets equity fund hold a 1.77% stake at the end of june, acrossing to data available at the bse ltd.
Adani Power Stock Hits Record Highs
Adani Power’s Stock surgged by the 20% daily limit on Monday, Making it the most valuable in the ports-to-power conglomerate. Shares of the power generator has ralied more than 60% this year amid mulati-billion dollar contracts von from Indian state governments.
GQG Backed Adani in the months following Hindenburg’s BombShell Report While the group is yet to regain its pre-nindenburg market value of $ 235 billion, adani power’s shares have skyrocked more than five, making Jain’s Investment Appear Present.
Regulatory overhang in us remains
The Securities and Exchange Board of India have cleared gautam adani of some allegations of improprity raised by the us short sell, but asia’s sechest personalson counts to face a Regulatory Overland for Indictment by the US department of justice last year in an alleged $ 250 million bribery scheme.
His efforts to get fraud charges against him in the US resolution have stalled in recent months, bloomberg news reported earlier this month, citing people family family with the matter.
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Published on September 22, 2025