Adani-GQG deal, Adani got the support of this Indian in crisis, bought shares worth ₹ 15446 crore in a few minutes, what is the insight story of the deal
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15446 crore deal calculation
Block deals have taken place in Adani’s companies. The company has completed a secondary equity transaction of Rs 15,446 crore with US-based asset manager GQG. GQG has invested in shares of 4 Adani companies. Adani Enterprises, the flagship company of Adani Group, has got a deal of Rs 5,460 crore in exchange for 3,87,01,168 shares. Rs 5,282 crore has been taken in exchange for 8,86,00,000 shares of Adani Port & SEZ. Adani Transmission has been given Rs 1,898 crore for 2,84,00,000 shares and Adani Green Energy for 5,56,00,000 shares in a deal worth Rs 2,806 crore. Adani will use this investment from the deal to reduce debt and increase liquidity.
Who benefits from the deal
This deal will not only help Adani reduce debt, increase cash flow, apart from this, this deal will help Adani win the trust of investors. Adani Group Chief Finance Officer Jugeshinder Singh said on this deal that we have been successful in maintaining our infrastructure, positive energy, and investor confidence. After this deal, strong buying has been seen in Adani’s shares. At the same time, not only Adani but GQG company has also got its benefit. Out of the four Adani companies that GQG has dealt with, promoters have sold shares in two companies at a discount of 83 to 84 per cent from their year-highs. If we compare the price of shares in the deal with the price of January 24, even then this deal has been done at a huge discount of 76 percent.
shares at discount
- Shares of Adani Enterprises, whose highest price was Rs 4190, were bought at Rs 1410 in this deal. That is, 67 percent discount has been received.
- Shares of Adani Ports, whose highest price was Rs 987, was bought at Rs 596 in this deal. That is, at a discount of 40 percent.
- The Adani transmission, which had a highest price of Rs 4236, was bought in this deal for Rs 668, ie a discount of around 85 per cent.
- Adani Green, whose highest price was Rs 3050, was bought at Rs 505, ie a deal at a discount of about 84 per cent.
Who is Rajeev Jain?
Adani’s shares are seeing a huge boom in the last three-four days. Shares continue to recover. Meanwhile, the mega deal of Rs 15446 with this GQG company has worked as a lifeline. GQG Chairman and CEO Rajeev Jain has come as an ambassador for Adani in these difficult times. This deal will help win more trust than investment. Rajeev Jain serves as the Portfolio Manager for GQG Partners Strategies. It is worth mentioning that Rajeev Jain started this company in June 2016. In the year 2023, his company got the honor of Morningstar Fund Manager of the Year. He is recognized as a veteran in equity deals. His top Indian stocks include big names like ITC, HDFC, RIL, ICICI, SBI, Infosys, Tata.
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