GQG Partners Trims Over ₹12,000 Cr in Adani Group Stakes Over June Quarter
GQG Partners cut holdings across Adani Enterprises, Green Energy, Ports and Power in the June quarter, exiting a 1.59% stake in AEL. Domestic mutual funds stepped in, lifting MF holding in Adani Enterprises to 5.4% from 2.71%, as other FIIs also raised exposure.
GQG Partners sold over ₹12,000 crore of Adani Group shares in the June quarter, cutting stakes across Adani Enterprises, Green, Ports and Power, while domestic mutual funds and other FIIs raised their holdings in the conglomerate.