Adani portfolio companies complete Rs 15,446 Cr secondary equity transaction with GQG partners

Ahmedabad: GQG Partners on Thursday announced the completion of Rs 15,446 crore (USD 1.87 billion) secondary equity transactions in the Adani portfolio companies.

The investment has made GQG a key investor in the development and growth of critical Indian infrastructure.

Jefferies India Private Limited acted as a sole broker for the transaction, a statement from the company said.

Rajiv Jain, Chairman and CIO of GQG Partners, said, “I am excited to have initiated positions in the Adani companies. Adani companies own and operate some of the largest and most important infrastructure assets throughout India and around the world. Gautam Adani is widely regarded as among the best entrepreneurs of his generation. We believe that the long-term growth prospects for these companies are substantial, and we are pleased to be investing in companies that will help advance India’s economy and energy infrastructure, including their energy transition over the long-run.”

Jugeshinder (Robbie) Singh, Group CFO of Adani Group,

said, “We are delighted to complete this landmark transaction with GQG. We value GQG’s role as a strategic investor in our infrastructure and utility portfolio of sustainable energy, logistics and Energy Transition. This transaction marks the continued confidence of global investors in the governance, management practices and the growth of Adani Portfolio of companies.”

UNI