Read on the application
American investment firm GQG Partners (GQG Partners) has once again shown faith in a company of the Adani Group. It has bought another 0.10 percent stake in Adani Ports and Special Economic Zone Limited. The information of this deal has been given by the company to the stock markets on Saturday evening.
More than 5 percent share
In a disclosure to the stock markets, Adani Ports has said that GQG Partners has bought 22 lakh shares this time. After which the total share of the American company in Adani Ports has increased from 4.93 percent to 5.03 percent. The investment also becomes important from the company’s point of view as audit firm Deloitte had left Adani Ports in the past.
The company is giving 15 bonus shares, price less than 120 rupees, double money in 1 year
The Adani Group has been under the scanner ever since the Hindenburg report came out. However, the group is denying all these allegations. Let us tell you that on Friday, the share price of Adani Ports rose by 3.13 percent to Rs. was at the level of 835.85.
News agency Reuters reported last Wednesday that GQG Partners had bought an 8.1 percent stake in Adani Power. 1.1 billion dollars was paid by Adani Group for this.