GQG Partners’ Large Adani Energy Sale Triggers 10% Stock Slump

A massive share sale by GQG Partners overwhelmed passive fund demand during India’s closing auction, causing Adani Energy Solutions stock to plummet by 10%.

4 Sept, 10:09 — 4 Sept, 10:09

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bloombergHigh12h ago

GQG Sale of Adani Energy Shares Said to Disrupt Hedge Fund Bets

GQG Partners Inc.’s sale of Adani Energy Solutions Ltd. shares during India’s closing auction on Monday overwhelmed demand from passive funds, according to people familiar with the matter, contributing to a 10% slump in the stock on the day.

By Samie Modak and Ashutosh Joshi

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GQG Partners’ Large Adani Energy Sale Triggers 10% Stock Slump

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GQG Sale of Adani Energy Shares Said to Disrupt Hedge Fund Bets

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