
After Adani and JSW Steel, GQG Partners acquires stake in IDFC First Bank
The Rajiv Jain-led investment firm picked up 2.58% shares in IDFC First Bank at ₹89 apiece via bulk deals, amounting to ₹1,527 crore.
The Rajiv Jain-led investment firm picked up 2.58% shares in IDFC First Bank at ₹89 apiece via bulk deals, amounting to ₹1,527 crore.
Kempas Trade and Investment, a promoter entity, acquired 2.53 crore shares of Adani Enterprises in the open market between August 7 and August 18.
The combined market capitalisation of Adani Group stocks touched ₹11.29 lakh crore on Monday, hitting six months high amid recent investments by Rajiv Jain-led GQG Partners.
The investment firm picked up 22.56 lakh shares of Adani Ports through bulk deal on August 17, 2023, raising its stake in the company from 4.93% to 5.03%.
JSW Investments sold 2.1 crore equity shares, or 1.28% stake in JSW Energy, at a price of ₹341.7 per share through open market transactions
Rajiv Jain-led investment firm purchased 31.2 crore equity shares of Adani Power for more than ₹9,000 crore ($1.1 billion) in a series of block deals on Wednesday.
Rajiv Jain-led GQG has acquired a 5.96% stake, or about 2.15 crore shares, in Patanjali Foods in the recently concluded offer for sale (OFS) of the FMCG company.
Adani Group has made a full prepayment of $2.15 billion of loans and another $700 million debt taken for the acquisition of Ambuja Cement
In March this year, Jain-led GQG Partners acquired minority stakes in four of the listed Adani Group companies for ₹15,446 crore.
SBI Mutual Fund on Monday purchased 47.33 lakh shares of HDFC AMC for ₹757.40 crore through an open market transaction.