The United States-based boutique investment firm GQG Partners bought over 8 per cent, or 31 crore shares, of Adani Power from the promoters for over $1billion through two block deals on the stock exchanges.
According to exchange data, the sellers were Adani group promoters — Mauritius-based Worldwide Emerging Market Holding, which held a 5 per cent stake in the company, and Afro Asia Trade and Investments Ltd, which held a 6.88 per cent stake. The shares were sold at an average rate of Rs 279.17.
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