SBI Mutual Fund Acquires $17 Billion Adani Enterprises Stake from GQG Partners

SBI Mutual Fund Acquires Stake in Adani Enterprises

SBI Mutual Fund has acquired nearly half a percent equity stake worth Rs 1,435 crore in Adani Enterprises, the flagship entity of Adani Group, via open market transactions on May 14. This significant investment comes as Adani Enterprises shares clocked an 8.6 percent rally to Rs 2,712.9, the highest closing level since November 19, 2024. The stock formed a long bullish candlestick pattern on the daily charts, trading well-above all key moving averages.

In a separate transaction, GQG Partners Emerging Markets Equity Fund sold 58.92 lakh shares (0.45 percent stake) in Adani Enterprises to SBI Mutual Fund for Rs 1,435.15 crore. The selling price was Rs 2,435.6 per share. This sale marks a significant reduction in GQG Partners' stake in Adani Enterprises, which stood at 1.59 percent as of March 2026.

Other notable transactions on the National Stock Exchange include Jio Financial Services, which shares rose 1.16 percent to Rs 234.13. Morgan Stanley Asia Singapore has bought 26.75 lakh shares (0.04 percent stake) in Jio Financial Services from Goldman Sachs Bank Europe SE - ODI for Rs 61.9 crore. The transaction price was Rs 231.45 per share.

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Raghav Productivity Enhancers also witnessed strong action, rising 10.93 percent to Rs 821.55 despite stake sale by ace investor. The trading volumes were the highest ever in a single session. The company's shares were impacted by the sale of 6.17 lakh shares (1.34 percent stake) by the Estate of Late Rakesh Jhunjhunwala for Rs 46.59 crore at Rs 754.85 per share. His wife Rekha Jhunjhunwala held 3.62 percent stake in the company as of March 2026.

Promoter Sanjay Namdeo Salunkhe has bought additional 1.46 lakh shares (0.66 percent stake) in edtech company Jaro Institute of Technology Management and Research for Rs 7.51 crore at a price of Rs 512.44 per share. This was in addition to 1.05 percent shares buying by him in the previous session. Jaro Institute shares extended gains for the fourth consecutive session, rising 2.63 percent to Rs 497.65 on the National Stock Exchange.

Davangere Sugar Company also saw healthy action on Thursday as shares soared 6.42 percent to Rs 3.81. Craft Emerging Market Fund through two funds bought additional 3.5 percent stake in the company in addition to 1.4 percent stake already held as of March 2026. The company's shares were bought at Rs 3.65 per share for a total of Rs 18.25 crore.

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Zaggle Prepaid Ocean Services shares were locked in a 20 percent upper circuit at Rs 227.08 despite healthy earnings performance in March 2026 quarter. Bhana Equity Advisors LLP sold 7.09 lakh shares (0.5 percent stake) at Rs 239.14 per share, valued at Rs 16.97 crore.

Tasha Enterprises LLP sold 93,211 equity shares (0.66 percent stake) in Venky's (India) at Rs 1,758.09 per share, valued at Rs 16.38 crore. Tasha Enterprises held 1.69 percent stake in the company as of March 2026.