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in Economy

GQG Partners ups stake in two Adani cos to above 5%, shows confidence

by Editor July 2, 2023, 9:51 am 1.9k Views

Business Standard

US-based boutique investment firm GQG Partners has ramped up its shareholding in two Adani group companies to more than 5 per cent in signs of its confidence in the group despite the damning report of a US short seller.

On June 28, GQG bought $1 billion (Rs 8,265 crore) worth of additional stakes in the group’s flagship Adani Enterprises Ltd and renewable energy firm Adani Green Energy Ltd.

The stake sale in Adani Enterprise was…

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Posted by Editor

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Bolton MPs and the votes on 'Partygate Report' which found Boris Johnson lied

Bolton’s constituency borders to changes – with parts of Salford merged with the town

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