Adani Power shares rise despite US-based FPI GQG Partners trimming stake in Gautam Adani-led company
New Delhi, Oct. 9 -- Adani Power shares saw buying during Friday's session despite news that GQG Partners was offloading its 0.02% stake in the company. The Gautam Adani-led company informed the GQG Partners' move in an exchange filing on Friday. However, it didn't affect bulls' sentiment, and they outperformed bears during the Friday session, as Adani Power shares finished at Rs.188.60 per share on the NSE, edging higher from their previous close of Rs.188 apiece.
According to an exchange filing by the Adani Group company, GQG Partners offloaded 5,039,326 Adani Power shares, reducing its net shareholding in the company from 1,107,475,959 to 1,102,436,633. With this partial profit-booking, GQG Partners' stake in Adani Power could drop fr...
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