GQG Partners Sells ₹8,000 Crore Worth Of Adani Group Shares In September Quarter Amid Mixed Investor Trends
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GQG Partners reduced its Adani Group holdings by ₹8,000 crore in the September quarter. Foreign portfolio investors and mutual funds showed mixed investment trends across the conglomerate’s listed companies.
GQG Partners sold shares worth around ₹8,000 crore in five Adani Group companies during the July–September quarter. The move came as foreign portfolio investors (FPIs) adopted mixed positions across the group's listed businesses.
The US-based investment firm was founded by Rajiv Jain. It manages assets worth more than $156 billion. GQG gained attention in 2023 after investing in Adani Group companies. The investments came during a market sell-off triggered by allegations from US short seller Hindenburg Research.
The latest sales follow an estimated reduction of ₹13,200 crore in GQG's Adani holdings during January–June 2026. Its remaining investments in the group were valued at around ₹39,270 crore on 30 September 2026. This compared with ₹47,290 crore at the end of June.
Adani Energy Solutions Sees the Biggest Stake Cut
Adani Energy Solutions recorded the sharpest reduction in GQG Partners' shareholding during the September quarter. Its stake fell from 4.14% in June to 1.71% by the end of September.
During the first half of 2026, Adani Enterprises accounted for the largest estimated decline in the value of GQG's investment. The decrease stood at around ₹6,375 crore. Adani Green Energy and Adani Power were also among the companies in which GQG lowered its exposure.
Foreign Investors Show Mixed Investment Trends
FPI holdings increased in Adani Enterprises, Adani Ports and Adani Total Gas during the September quarter. However, overseas investors reduced their stakes in Adani Power, Adani Green Energy and Adani Energy Solutions.
Mutual funds also adjusted their holdings differently across Adani Group companies. Their holdings declined in Adani Enterprises, Adani Ports and Ambuja Cements. In contrast, mutual funds increased their exposure to Adani Energy Solutions, Adani Power and Adani Green Energy.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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