 "adani group")
The promoters of the Adani group on Thursday sold shares worth Rs 15,446 crore in four of its listed entities to GQG Partners, a US-based global equity-investment boutique firm.
The promoters plan to use the proceeds to retire debt and for other purposes. They sold shares in Adani Enterprises worth Rs 5,460 crore, and those worth Rs 5,282 crore in Adani Ports & SEZ.
They also sold shares worth Rs 2,806 crore in Adani Green Energy and Rs 1,898 crore in electricity distributor Adani Transmission (see chart). Following the sale, shares of all listed companies of the group surged, with Adani Enterprises
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