Goldman Sachs GQG Partners International Opportunities Fund acquires a fresh stake in Adani Power Ltd.
The US-based investor purchases
10,30,30,127 Adani Power shares
at ₹279.15 apiece.
The investment amounts to a substantial
or ₹2,876 crore in Adani Power.
This move signals Goldman Sachs' confidence in the future prospects of Adani Power.
Following the investment news, Adani Power shares witness strong buying interest on Dalal Street.
Adani Power's share price opens higher and reaches an intraday high of ₹288.50 apiece on NSE.
The investment deal took place on
August 16, 2023
, executed through a bulk transaction.
Another US-based investor,
GQG Partners Emerging Markets Equity Fund
, also invests significantly in Adani Power.
Profit booking occurs as institutional investors, like Afro Asian Trade and Investments Ltd and Worldwide Emerging Market Holding Limited, offload shares.
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