Adani Power Soars 20% Post-Stock Split, GQG Sells $250M Stake | Business News | ET Now #ETNOW
Adani Power Soars 20% Post-Stock Split, GQG Sells $250M Stake | Business News | ET Now
Adani Group stocks surged, with Adani Power up 20% post a 1:5 stock split and GQG Partners selling $250M shares to SBI Mutual Fund and Citadel Securities. SEBI’s Hindenburg clearance, improved debt-to-EBITDA ratio, and $15-20B capex plan fuel optimism. Adani Total Gas rose 24%, Adani Green 13%.
#adanigroup #adanipower #stockrally #gqgpartners #sebiclearance #infrastructureboom #stocksplit #sbi #citadelsecurities #indiamarkets #etnow
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