Goldman Sachs GQG Partners International Opportunities Fund paid $279.15 per share for 10,30,30,127 Adani Power shares.
Today on the stock market, Goldman Sachs GQG Partners International Opportunities Fund purchased a new investment in Adani Power Ltd. According to information accessible on Indian stock markets, the US-based investor paid $279.15 per share for 10,30,30,127 Adani Power shares. This implies 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 began 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.
Details on Adani Power’s most recent bulk transaction
According to the bulk sale data disclosed by Adani Power to Indian markets, Goldman Sachs GQG Partners International Opportunities Fund completed this single seller single buyer agreement on August 16, 2023. The handshake, valued at 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.
However, considerable profit booking occurred in Adani Power shares on Wednesday, August 16, 2023. Afro Asian Trade and Investments Ltd sold 26,54,85,675 shares of Adani Power for $279.18 per share. This indicates that the institutional investor sold Adani Power shares valued at 74,11,82,90,746.5 rupees or around 7,412 crore.
Similarly, Worldwide Emerging Market Holding Limited sold 4,65,14,325 Adani power shares for $279.16 each. This indicates that the institutional investor sold 12,98,49,38,967 Adani Power shares valued at around 1,298.50 crore.
