GQG pares Rs 8,000 crore of Adani stakes in September quarter as FPI bets turn mixed

In a significant move, GQG Partners divested approximately ₹8,000 crore in stakes across five companies of the Adani Group during the September quarter. While some firms saw an uptick in foreign portfolio investments, others faced declines. The most substantial decrease was seen in Adani Energy Solutions, which dropped from 4.14% to 1.71%.