Marquee investor GQG Partners has sold nearly 58.9 lakh shares of Adani Enterprises in a block deal worth about Rs 1,435 crore. SBI Mutual Fund bought the entire stake at Rs 2,435.6 per share. The sale comes after the stock surged sharply during the session, rising up to 9%.
Adani Enterprises shares jumped more than 5% after a large block deal worth Rs 1,435 crore saw nearly 60 lakh shares change hands. The move comes even as the company reported a Q4 net loss, though revenue rose 20%. It pointed to an infrastructure-led model where infrastructure and utility segments power 80% of EBITDA and future cash generation.
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Adani Enterprises reported a Rs 221 crore loss in Q4, reversing last year’s profit, even as revenue grew about 20% year on year. In a separate move, the board approved a dividend of Rs 1.3 per share for FY 2025-26, adding a surprising vote of confidence despite the bottom-line swing.
After two years of selling, Indian promoters have reversed course, pouring more than $4 billion into their own companies since January 1, 2026. The move follows a market correction that made valuations look cheaper, with visible stake hikes in firms including Adani Enterprises and GMR Airports. The pattern suggests insiders see renewed upside after the downturn.
Lenders defending the Jaiprakash Associates bid process before the NCLAT say selecting Adani Enterprises was fair and transparent. They rejected Vedanta’s late addendum offering more money, arguing it violated the pre-set bidding framework and would have prolonged delays. The hearing centers on claims that the process was tailored versus competitively handled under the original timelines and terms.
The NCLAT has adjourned the hearing on Vedanta Ltd’s petitions challenging Adani Enterprises’ ₹14,535-crore bid for Jaiprakash Associates Ltd. The tribunal cited a change in the bench, pushing the decision timeline further. Vedanta’s move contests the selection process as stakeholders await a fresh hearing date and next steps in the corporate battle.
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