GQG Partners' investment in Adani Green Energy soars 100% in 15 days

On March 2, GQG Partners had bought 55.6 million equity shares of AGEL, worth Rs 2,806 crore, at a price of Rs 504.60 per share

Imvestment made by GQG Partners in Adani Green Energy have fetched the Australia-based asset management company over 100 per cent returns in just 15 trading sessions. GQG Partners have earned over Rs 2,900 crore or 104 per cent during the period.

At 02:07 PM, AGEL was locked in 5 per cent upper circuit at Rs 1,031.55 amid heavy volumes. Average trading volumes on the counter jumped over three-fold, with a combined 13.4 million shares having changed hands on the NSE and BSE till the time of writing of this report. There are combined pending buy orders for around 300,000 shares