GQG, other investors invest $1.1 bln for 8.1 pc stake in Adani Power
New Delhi, Aug 16 (PTI) US-based boutique investment firm GQG Partners along with other investors on Wednesday bought an 8.1 per cent stake in Adani Power Ltd for over Rs 9,000 crore (USD 1.1 billion) as the marquee investor shrugged off damning report of a US short seller to invest in billionaire Gautam Adani's group.
GQG Partners and other investors bought 31.2 crore shares of Adani Power in a block deal -- one of the largest ever secondary market equity transactions -- stock market data showed.
Adani Power is the fourth firm of the ports-to-energy conglomerate where GQG has invested since May.
