Adani Enterprises Limited
GQG Partners sold 58.92 lakh shares of Adani Enterprises for ₹1435.16 Cr at ₹2435.60 apiece in a block deal. GQG Partners' stake decreased from 1.59% to 1.14% after the transaction.
A diversified infrastructure and resources conglomerate with extensive operations spanning mining, integrated resource management, and large-scale infrastructure development across airports, roads, rail and metro systems, water projects, and data centres. The company also manufactures solar equipment and maintains active involvement in agriculture and defence sectors. Adani Enterprises manages multiple economic verticals through an integrated and vertically diversified business model across India.
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.