GQG Partners buys 8.1% stake in Adani Power for $1.1b

GQG Partners buys 8.1% stake in Adani Power for $1.1b

FILE PHOTO: The logo of the Adani Group is seen on one of its buildings in Ahmedabad, India, January 27, 2023. REUTERS/Amit Dave/File Photo

Investment firm GQG Partners bought an 8.1% stake in India’s Adani Power for $1.1 billion via block deals on Wednesday, a source with direct knowledge of the matter told Reuters.