Stories
Adani Group Shares Plunge Up to 10 Percent Amid Broad Market Sell-Off and GQG Stake Reduction
C
CNBC Awaaz•08-10-2026, 14:02
Adani Group Shares Plunge Up to 10 Percent Amid Broad Market Sell-Off and GQG Stake Reduction
- •Adani Group stocks witnessed a sharp decline of up to 10 percent on Thursday amid heavy selling pressure in the wider Indian stock market where the Nifty fell below the 22,250 level.
- •Adani Enterprises and Adani Ports led the steepest losses in the Nifty 50, with Adani Green Energy crashing by more than 10 percent.
- •Major global investor GQG Partners sold stakes worth over Rs 12,000 crore in Adani Group companies over the past 12 months, contributing to the negative sentiment.
- •GQG also reduced holdings in other major Indian companies including ITC, GMR Airports, Patanjali Foods, and JSW Energy as part of portfolio restructuring.
Key Questions Answered
Adani Group stocks experienced a sharp downturn due to widespread selling pressure across the entire Indian stock market, alongside negative sentiment driven by continuous stake withdrawals by major institutional investor GQG Partners.
Over the past 12 months, global investor GQG Partners sold a stake worth approximately Rs 12,000 crore across various Adani Group companies, including reductions in Adani Enterprises, Adani Energy Solutions, and Adani Power.
Aside from the Adani Group, GQG Partners sold a 2.93% stake in ITC worth about Rs 9,500 crore, a 1.85% stake in GMR Airports, shares in Patanjali Foods, and holdings in JSW Energy and ITC Hotels.
