GQG entities cut Adani Power stake to 5.72%
In short
GQG Partners-managed entities sold 50.39 lakh Adani Power shares in market trades, according to a publisher summary. Their combined stake fell to 5.72% from 5.74%. The note also says Adani Power stock is up 27.05% in 2026.
The sale may matter to Adani Power investors, but the reason for the stake cut is not stated. It is also unclear whether more sales are planned.
What the reporting says
GQG Partners-managed entities sold 50.39 lakh Adani Power shares in on-market transactions, cutting their combined stake to 5.72% from 5.74%. The publisher summary says the disclosure came as Adani Power’s stock gained 27.05% in 2026 and the company expanded into Bhutanese hydropower. It is not stated why the entities sold shares or whether the move changed anything else.
Why it matters
GQG Partners-managed entities reduced their holding in Adani Power after selling 50.39 lakh shares through on-market transactions. The stake slipped to 5.72% from 5.74%, while the stock was said to be up 27.05% in 2026. The report also mentions Adani Power’s Bhutanese hydropower expansion, but does not link it to the sale or explain the reason.