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Adani sells shares in Adani Power to GQG Partners, others for $1 bn

Business Standard


Australia-listed investment firm GQG Partners on Wednesday invested $1.1 billion (Rs9,000 crore) in Adani Power by buying an 8.1 per cent stake from the Adani family via multiple block deals.

 


With this investment, GQG Partners has bought Rs34,000 crore ($4.2 billion) worth of shares in Adani group companies since March this year. Interestingly, the move comes days after Qatar Investment Authority, a sovereign fund, picked up…


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Raiders WR Adams 'ready to roll' from leg injury

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The government is yet to fulfil its promise to waive loans of farmers, Raje alleged. (Image: ANI)

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