Adani Enterprises block deal: GQG pares stake, SBI Mutual Fund buys shares

Adani Enterprises witnessed a major institutional block deal on Wednesday, with GQG Partners selling a 0.5% stake in the company to SBI Mutual Fund.

According to market data, GQG Partners sold 58.92 lakh shares of Adani Enterprises for around ₹1,435 crore. The shares changed hands at an average price of ₹2,435.6 apiece.

SBI Mutual Fund emerged as the buyer in the transaction, acquiring the entire 58.92 lakh shares through the block deal route.

Following the transaction, GQG Partners’ holding in Adani Enterprises is expected to reduce from nearly 4% held as of March 2026. The investment firm has been one of the prominent institutional investors in Adani Group companies since March 2023, when it had acquired around 2.4 crore shares in Adani Enterprises at an average price of ₹1,408.25 per share.

The latest transaction comes amid continued institutional interest in Adani Group companies and reflects active portfolio reshuffling among large global and domestic investors.

Adani Enterprises shares ended Wednesday’s session at ₹2,712.90 on the NSE, up 8.6% for the day. The stock touched an intraday high of ₹2,720 during the session.

Adani Enterprises serves as the flagship incubator company of the Adani Group and has business interests spanning airports, roads, green hydrogen, data centres, mining services and integrated resource management.

Large block deals involving institutional investors are closely tracked by market participants as they often provide insights into investor confidence, portfolio positioning and long-term institutional participation in key listed companies.

Disclaimer: This article is for informational purposes only and should not be construed as investment advice.