US investor GQG Partners acquires shares worth Rs 1,527Cr in IDFC First Bank

GQG Partners bought 17.16 crore shares worth Rs 1,527 crore on September 1, via a block deal

On the other hand, Cloverdell Investment sold 27.86 crore shares for Rs 2,480 crore, amounting to an average price of Rs 89 per share.

Over the past few months, GQG Partners has been continuously investing in Adani Group stocks despite stock manipulation concerns raised by Hindenburg,

In August 2023, GQG Partners recently acquired 8.1% stake in Adani's power business for $1.1 billion.