GQG Partners Sells 35 Million Adani Power Shares Worth $250 Million to SBI & Citadel

In a strategic portfolio adjustment, GQG Partners has offloaded approximately 35 million shares of Adani Power for a total value of $250 million. As per the news report, this transaction attracted institutional buyers, including SBI Funds Management and Citadel Securities. 

GQG Partners Divests 1% Stake in Adani Power

GQG Partners sold nearly 35 million shares in Adani Power, amounting to a 1% stake. The shares were offered within the price range of ₹610 to ₹625 each, representing a discount on the pre-adjustment market rate of ₹709.40 per share before the recent 1:5 stock split. SBI Mutual Fund emerged as the primary acquirer in the deal, securing a substantial portion of the shares.

Read More: No Stake Sale by Emaar in India; JV Talks on with Adani, and Other Majors!

Market Value and Holdings Insight

As of June 2025, GQG Partners’ Emerging Markets Equity Fund held 68.39 million shares, or a 1.77% stake, in Adani Power. With this latest sale, their holdings have been significantly reduced. The Adani Group, encompassing 10 listed entities, saw a market value rise of approximately $19 billion across just 2 sessions, with Adani Power contributing significantly to this upswing.

Adani Power Share Price Performance

On September 22, 2025, Adani Power share price opened at ₹148.20 on NSE, above the previous close of ₹141.88. During the day, it surged to ₹170.25 and dipped to ₹147.30. The stock is trading at ₹170.25 as of 12:58 PM. The stock registered a significant gain of 20% hitting the upper circuit.

Over the past week, it has moved up by 33.56%, over the past month, it has moved up by 40.55%, and over the past 3 months, it has moved up by 58.22%.

Conclusion

The $250 million Adani Power share sale by GQG Partners reflects institutional confidence in the conglomerate’s stability following regulatory clearance. The transaction, led by SBI Mutual Fund and Citadel Securities, also contributed to a swift positive movement in the stock’s price.

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