Adani Power Limited
GQG Partners decreased its stake in Adani Power from 1.29% to 1.04%, reducing its holding from 24,92,66,783 to 20,13,78,873 shares. The position was adjusted as part of a rights issue context.
A leading private thermal power producer in India, Adani Power generates and supplies electricity through a diversified portfolio of long-term power purchase agreements, short-term contracts, and merchant sales. Operating as part of the Adani Group conglomerate, the company operates thermal power generation projects across multiple locations nationwide. It serves utility companies, industrial customers, and state power distribution entities through both contracted and competitive spot market channels.
Florida-based global active manager founded in 2016 by Rajiv Jain (ex-Vontobel) and Tim Carver. Manages USD 150 bn+, with the EM Equity fund alone at USD 23 bn (Sep 2024). India is the top country weight in GQG's EM strategy with nearly USD 10 bn deployed in Indian equities including big names in financials, energy and infrastructure. Jain's quality-growth playbook has made GQG one of the most-watched buyers on the street.