Adani Power's $1 Billion Stake Sale to GQG Partners
POWER & RENEWABLE ENERGY

Adani Power's $1 Billion Stake Sale to GQG Partners

Australia-based GQG Partners has made a significant stride in the Indian energy market, investing $1.1 billion to secure an 8.1% stake in Adani Power through a series of block deals. This transaction follows GQG Partners' substantial $4.2 billion investment in various Adani Group companies since March, a testament to its contrarian approach. The move aligns with Qatar Investment Authority's recent acquisition of a 2.7% stake in Adani Green Energy for $39.2 billion.

In a historic transaction, marked as India's largest single-buyer single-seller block, GQG Partners acquired 8.1% of Adani Power's equity, worth $310 million shares. This strategic manoeuvre not only underscores the Adani Group's fundraising prowess but also furthers its financial restructuring agenda. The proceeds from the deal are earmarked for debt reduction and general corporate use.

GQG Partners' reputation for unconventional investments is highlighted by its nearly $100 billion in assets under management, with approximately $13 billion invested in Indian enterprises including ITC, Sun Pharmaceutical Industries, and major banks. Their growing presence in Adani's ventures signifies confidence in India's energy landscape.

Amid India's energy transition narrative, Adani Power's diversified energy suite, spanning renewables, power generation, transmission, and gas, gains prominence. This diversification aligns with the global call for sustainable energy, ensuring energy security while reducing environmental impact. Adani Power's role in this context, coupled with its latest entry into transnational power projects, demonstrates the strategic importance of their ventures.

Despite setbacks, such as a market cap drop prompted by a negative report from Hindenburg Research, the Adani family's shrewd financial moves have stabilised the group's position. As India treads the path of energy security and sustainability, Adani Power's stake sale to GQG Partners symbolises a pivotal moment in shaping the nation's energy future.

Australia-based GQG Partners has made a significant stride in the Indian energy market, investing $1.1 billion to secure an 8.1% stake in Adani Power through a series of block deals. This transaction follows GQG Partners' substantial $4.2 billion investment in various Adani Group companies since March, a testament to its contrarian approach. The move aligns with Qatar Investment Authority's recent acquisition of a 2.7% stake in Adani Green Energy for $39.2 billion.In a historic transaction, marked as India's largest single-buyer single-seller block, GQG Partners acquired 8.1% of Adani Power's equity, worth $310 million shares. This strategic manoeuvre not only underscores the Adani Group's fundraising prowess but also furthers its financial restructuring agenda. The proceeds from the deal are earmarked for debt reduction and general corporate use.GQG Partners' reputation for unconventional investments is highlighted by its nearly $100 billion in assets under management, with approximately $13 billion invested in Indian enterprises including ITC, Sun Pharmaceutical Industries, and major banks. Their growing presence in Adani's ventures signifies confidence in India's energy landscape.Amid India's energy transition narrative, Adani Power's diversified energy suite, spanning renewables, power generation, transmission, and gas, gains prominence. This diversification aligns with the global call for sustainable energy, ensuring energy security while reducing environmental impact. Adani Power's role in this context, coupled with its latest entry into transnational power projects, demonstrates the strategic importance of their ventures.Despite setbacks, such as a market cap drop prompted by a negative report from Hindenburg Research, the Adani family's shrewd financial moves have stabilised the group's position. As India treads the path of energy security and sustainability, Adani Power's stake sale to GQG Partners symbolises a pivotal moment in shaping the nation's energy future.

Next Story
Real Estate

Dharavi Rising

Dharavi, Asia’s largest informal settlement, stands on the cusp of a historic transformation. With an ambitious urban renewal project finally taking shape, millions of residents are looking ahead with hope. But delivering a project of this scale brings immense challenges – from land acquisition to rehabilitate ineligible residents outside Dharavi and rehabilitation to infrastructure development. It also requires balancing commercial goals with deep-rooted social impact. At the helm is SVR Srinivas, IAS, CEO & Officer on Special Duty, Dharavi Redevelopment Project (DRP), Government..

Next Story
Real Estate

MLDL Records 20.4% Growth in Pre-Sales

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced its financial results for the quarter ended March 31, 2025. In line with INDAS 115, the company recognises revenues using the completion of contract method. Key highlights FY25: Consolidated sales (Residential and IC&IC) of Rs 32.99 billion. Gross development value (GDV) additions in FY25 were Rs 1.81 trillion compared to Rs 440 billion in FY24 (~4x growth). Residential pre-sales of Rs 28.04 billion in FY25, reflecting 20.4% growth o..

Next Story
Infrastructure Transport

UCSL Delivers India's First Green Cargo Vessel to Norway

In a landmark achievement for Indian shipbuilding and the Atma Nirbhar Bharat initiative, Udupi Cochin Shipyard Limited (UCSL), a subsidiary of Cochin Shipyard Limited (CSL), has delivered the first of six next-generation green cargo vessels to Norway-based Wilson Ship Management AS, Europe’s largest short-sea shipping operator. The 3,800 DWT vessel, named Wilson Eco 1, was handed over during a ceremony at New Mangalore Port. The delivery is part of a Rs 5.06 billion project supported by Norway’s green maritime funding programme, marking India's entry into the European eco-friendly ca..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?