Adani Energy Solutions Limited
GQG Partners sold 63,65,796 shares of Adani Energy Solutions for ₹957.92 crore at ₹1504.80 apiece in a block deal. SBI Mutual Fund acquired the shares.
India's largest private power transmission company, Adani Energy Solutions operates across multiple segments of the energy sector including transmission, distribution, smart metering, and advanced cooling solutions. The company provides critical infrastructure for power delivery and grid management across India's diverse regions. Its vertically integrated and diversified energy portfolio positions it as a key player in the nation's power infrastructure ecosystem and energy transition.
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.