Adani Sells $1.87 Billion Stake In Group Companies: Market Expert Prakash Diwan Exclusive

The Adani Group has sold stakes worth Rs 15,446 crore to a leading US-based global equity investment boutique GQG Partners, the company said in an official release to the bourses on Thursday. In a series of secondary block trade transactions, the group sold stakes in four of its companies - Adani Ports and Special Economic Zone Limited, Adani Green Energy Limited, Adani Transmission Limited and Adani Enterprises Limited. With this investment, GQG has become a key investor in the in the development and growth of critical Indian infrastructure, the Adani group said. In an exclusive conversation with CNBC-TV18, Market expert Prakash Diwan shares his insights on the stake sale. Listen in. #adanigrouppromoters #GQGpartners #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here. You can also connect with CNBC-TV18 News Online Catch the latest news: https://bit.ly/2YbpXBM Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/ Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/ You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/ n18oc_business