GQG Partners Sells Stakes in Two Adani Group Firms to SBI Mutual Fund

Two Adani Group companies drew investor attention after large block deals worth a combined Rs. 5,747 crore were executed on June 5, 2026.

The transactions involved Adani Enterprises Ltd (AEL) and Adani Energy Solutions Ltd (AESL), with SBI Mutual Fund emerging as the buyer and GQG Partners Emerging Markets Equity Fund as the seller.

Large block deals are closely watched by the market as they can offer clues on institutional activity and changes in shareholding.

Adani Enterprises

Adani Enterprises Ltd, the flagship company of the Adani Group, has a market capitalisation of Rs. 3,90,604.14 crore.

The stock was trading at Rs. 3,023.65, down 0.79 percent from the previous close of Rs. 3,047.85.

Block deal details
  • Buyer: SBI Mutual Fund
  • Seller: GQG Partners Emerging Markets Equity Fund
  • Shares traded: 1.64 crore
  • Deal price: Rs. 2,913.4 per share
  • Transaction value: Rs. 4,789.62 crore
  • Stake sold: Around 1.27 percent

As of March 2026, GQG Partners Emerging Markets Equity Fund, co-founded by Rajiv Jain, held a 1.59 percent stake in Adani Enterprises.

About the company

Adani Enterprises is a diversified infrastructure company headquartered in Ahmedabad, Gujarat. It serves as the flagship entity of the Adani Group and incubates businesses across energy, transport and resources.

Adani Energy Solutions

Adani Energy Solutions Ltd has a market capitalisation of Rs. 1,92,721.77 crore.

Shares of the company were trading at Rs. 1,604.30, up 1.57 percent from the previous close of Rs. 1,579.45.

Block deal details
  • Buyer: SBI Mutual Fund
  • Seller: GQG Partners Emerging Markets Equity Fund
  • Shares traded: 63.65 lakh
  • Deal price: Rs. 1,504.8 per share
  • Transaction value: Rs. 957.92 crore
  • Stake involved: 0.52 percent

The shares were acquired from GQG Partners Emerging Markets Equity Fund.

As of March 2026, SBI Equity Hybrid Fund already owned a 3.67 percent stake in Adani Energy Solutions. The latest purchase increases SBI Mutual Fund’s exposure to the company.

GQG Partners held a 1.91 percent stake in Adani Energy Solutions at the end of March 2026. The latest transaction represents a partial reduction in its holding.

About the company

Adani Energy Solutions, headquartered in Ahmedabad, is India’s largest private transmission and distribution utility. Besides power transmission and distribution, the company has been expanding into smart metering and energy infrastructure.

Deal value at a glance

CompanyShares Bought by SBI Mutual FundDeal Value
Adani Enterprises1.64 croreRs. 4,789.62 crore
Adani Energy Solutions63.65 lakhRs. 957.92 crore
TotalRs. 5,747.54 crore

TL;DR

Adani Enterprises and Adani Energy Solutions came into focus after SBI Mutual Fund acquired shares worth about Rs. 5,747 crore through block deals on June 5. GQG Partners Emerging Markets Equity Fund was the seller in both transactions.

AI summary

  • SBI Mutual Fund bought Adani Group shares worth about Rs. 5,747 crore.
  • The transactions involved Adani Enterprises and Adani Energy Solutions.
  • GQG Partners Emerging Markets Equity Fund sold shares in both companies.
  • The Adani Enterprises deal was valued at Rs. 4,789.62 crore.
  • The Adani Energy Solutions transaction was worth Rs. 957.92 crore.
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