GQG Partners sell 1.3% and 0.52% stake in Adani Enterprises and Adani Energy Solutions to SBI Mutual Fund

SBI Mutual Fund on Friday bought stakes in Adani Enterprises and Adani Energy Solutions from US-based GQG Partners for ₹5,747 crore through open market transactions.

SBI Mutual Fund purchased 1,64,39,984 shares representing nearly a 1.3% stake in Adani Enterprises, the flagship entity of the Adani Group, according to block deal data on the National Stock Exchange (NSE).

In addition, SBI MF also acquired 63,65,796 shares, amounting to a 0.52% stake in Adani Energy Solutions. The shares were picked up in the price range of ₹1,504.80-2,913.40 apiece, taking the combined transaction value to ₹5,747.55 crore.

Meanwhile, Rajiv Jain-backed GQG Partners, through its affiliate GQG Partners Emerging Markets Equity Fund, offloaded the same number of shares in the two Adani group companies.

The stake buy comes after SBI Mutual Fund last month acquired a 0.45% stake in Adani's flagship firm Adani Enterprises, for ₹1,435 crore.

Adani Enterprises share price

Adani Enterprises shares have seen sharp oneside rally in past two months since April 2025. The shares rallied 36.9% in April and 21.9% in May 2026 as the regulatory overhang in the US loosened on the Adani Group stocks. The shares have rallied 34.5% in 2026 on a YTD basis and 25.2% in the past year. The company’s total consolidated income for FY26 stood at ₹1,02,943 lakh crore and profit before tax of stood at ₹4,309 crore before including exceptional gain of ₹9,215 crore. During the Q4FY26, the GQG Partners trimmed off their stake from 11.7% in Q3 to 10.80% in Q4FY26. Shares of Adani Enterprises rose 2.36% to close at ₹3,043 apiece on the NSE,

Adani Energy Solutions share price

The energy solutions arm of Adani group posted a stellar performance in Q4FY26 earnings as the revenue jumped ₹4,400 crore, up 7% YoY. The profit after tax jumped ₹723 crore, up 28% YoY. In 2026, on a YTD basis the shares of Adani Energy Solutions rallied 50% and 81% in the past one year. The shares climbed 3.87% to settle at ₹1,578.80 apiece on the exchange.

(With PTI inputs)