Mahi Jain
GQG Partners, a global investment company, has sold around 35 million shares of Adani Power Ltd., representing about 1% of the company, for $250 million. Most of the shares were purchased by SBI Funds Management Ltd., which also included Citadel Securities LLC. The price per share was between ₹610 and ₹625.
This sale comes at a time when Adani Power is starting a 1:5 stock split, which will make it easier for retail investors to purchase the stock and improve liquidity. The stock split sent Adani Power shares up 20% during the day of the split as investors anticipated this news and bought more shares.
GQG Partners, once in June 2025, held 1.77% of the stake in Adani Power, and this strategic divestment allowed the firm to capitalise on the stock’s recent momentum while its investment portfolio reallocates. The transaction demonstrates are growing among institutional and global investors for Indian equities, mainly in the power and energy sectors.
SBI Funds’ involvement signifies their continuous commitment to investing in high-growth firms in India, while Citadel Securities’ role indicates global interest in highly liquid Indian stocks amid corporate restructuring and other market events.
Advisors believe the timing of the sale, in conjunction with the stock split, helped maximise valuation for GQG Partners with an optimal exit. The stock split is expected to drive more retail investor activity and long-term shareholder engagement in Adani Power.
As new things like this unfold, the sale marks a new stage in the Indian capital market, as institutional positioning and shareholder-friendly actions like stock splits are increasing is impacting cross-border investment flows and stock prices.