Key facts
- GQG Partners sold stakes in Adani Enterprises and Adani Energy Solutions.
- The value of the block deals was approximately Rs 5,750 crore.
- SBI Mutual Fund acquired the shares from GQG Partners.
- The transactions are viewed as portfolio rebalancing.
GQG Partners has divested stakes in Adani Enterprises and Adani Energy Solutions through block deals valued at approximately Rs 5,750 crore. SBI Mutual Fund was the acquirer of these shares. This move is interpreted as a portfolio rebalancing strategy by GQG Partners, particularly following a significant recovery in the stock prices of the Adani Group companies over the past year.