Gautam Adani recently sold shares worth 8,700 crore rupees

Gautam Adani recently sold shares worth 8,700 crore rupees, raising questions about the reasons behind this move.

Gautam Adani's Share Sale

The Adani Group claims to have strong liquidity, but Gautam Adani has been gradually selling his stakes in various companies.

Adani Group's Liquidity:

Hindenburg Research released a report in January raising serious allegations against the Adani Group, impacting its reputation.

Hindenburg Research Report:

GQG Partners, an American company, invested 35,000 crore rupees in the Adani Group, challenging its credibility.

Investment by GQG Partners:

The Adani family sold shares worth 8,700 crore rupees through secondary transactions, with GQG Partners buying half of those shares.

Secondary Transactions:

 GQG Partners has invested in five Adani Group companies, including Adani Power, Adani Enterprises, and Adani Ports.

Investment Diversification:

Adani Power shares were sold at 279 rupees each, reflecting the closing price on Wednesday.

Stock Price:

Adani Power is the largest company producing electricity from coal in India.

Adani Power's Importance:

Adani Group's market capitalization faced a significant drop after the Hindenburg Research report, recovering partially due to investments from GQG Partners.

Market Cap Fluctuations:

Founded by Rajiv Jain, GQG Partners manages assets worth 92 billion dollars globally.

GQG Partners' Background:

इसी तरह की और स्टोरी पढ़ने के लिए नीचे क्लिक करें