GQG Partners Buys Another 3% Stake In Adani Transmission
Prior to the acquisition, GQG Partners held 3.54% stake in Adani Transmission.
Rajiv Jain’s GQG Partners bought an additional 3% stake worth Rs 2,633 crore in Adani Transmission Ltd., taking its total holding in the company to 6.54%.
GQG Partners had purchased equity shares of the company from promoter entities on June 30, increasing its aggregate shareholding to 6.54% of the paid-up capital of the company, the Adani Group company said in a stock exchange filing on Monday.
Prior to the acquisition, it held a 3.54% stake in Adani Transmission, the filing said.
Promoter entities Adani Tradeline Pvt. sold 0.33% and Trade and Investment Ltd. sold 3.04% stake in Adani Transmission, it said in an exchange filing on Tuesday.
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