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.

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The investment amounts to a substantial ₹28,76,08,59,952.05 or ₹2,876 crore in Adani Power.

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This move signals Goldman Sachs' confidence in the future prospects of Adani Power.

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Following the investment news, Adani Power shares witness strong buying interest on Dalal Street.

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Adani Power's share price opens higher and reaches an intraday high of ₹288.50 apiece on NSE.

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The investment deal took place on August 16, 2023, executed through a bulk transaction.

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Another US-based investor, GQG Partners Emerging Markets Equity Fund, also invests significantly in Adani Power.

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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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