goldman sachs

Goldman Sachs buys worth ₹2,876 crore Adani Power shares

The Goldman Sachs GQG Partners International Opportunities Fund has increased its holdings in Adani Power Ltd. According to information available on Indian stock exchanges, the US-based investor paid $279.15 per share for 10,30,30,127 Adani Power shares. This means that Goldman Sachs’ fund has invested $2,876 crore in Adani Power.

Following the release of this stock market news, Dalal Street bulls flocked to Adani Power shares. Adani Power’s share price today opened higher and went on to achieve an intraday high of 288.50 per share on the NSE, logging a 3% intraday advance during early morning trade on Thursday.

According to the bulk sale details disclosed by Adani Power to Indian markets, Goldman Sachs GQG Partners International Opportunities Fund completed this single seller single buyer deal on August 16, 2023. The handshake, valued Rs. 2,876 crore, was carried out in bulk.

More large transactions in Adani Power shares occurred on August 16, 2023. According to bulk deal information available on the BSE website, another US-based investor GQG Partners Emerging Markets Equity Fund purchased 4,90,30,009 Adani Power shares for $279.15 per share, implying that the US-based investor invested $1,368 crore in this Adani group company.

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