Followers

Friday, August 23, 2024

GQG buys 1.8% more in Ambuja in Rs 2,750 crore deal

GQG Partners, a prominent shareholder in the Adani Group, increased its stake in Ambuja Cements to 3.1% with a Rs 2,750 crore investment. This investment raises GQG's exposure across six Adani companies to about Rs 62,000 crore. The firm had first invested in the Adani Group following allegations of corporate malfeasance by Hindenburg Research in early 2023.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/w42pBEC

No comments:

Post a Comment

Dow soars over 1,300 pts, Sensex 900 pts

Indian markets surged on Tuesday, with the Sensex closing above 80,000 points, fueled by a global rally following Donald Trump's victory...