SBI Mutual Fund Acquires Rs 5,750 Crore Stake in Adani Group

In a significant move, GQG Partners has divested stakes in Adani Enterprises and Adani Energy Solutions, totaling approximately Rs 5,750 crore, through block deals. SBI Mutual Fund has stepped in to purchase these shares, marking a strategic addition to its portfolio.

This transaction signals a shift in investment strategies, reflecting GQG's efforts to rebalance its holdings following a notable resurgence in Adani Group stocks over the last year. The strong recovery of these stocks has attracted investor interest, prompting such sizable trades.