GQG Partners buys 8.1% stake in Adani Power for $1.1 bn: Report

Investment firm GQG Partners bought an 8.1% stake in Adani Power for $1.1 billion via block deals on Wednesday, Reuters cited a source as saying. Multiple GQG funds bought around 152.1 million shares, BSE data showed, from Worldwide Emerging Market Holding and Afro Asia Trade and Investments. The investment comes days after Deloitte quit as auditor for Adani Ports.