The Adani Group has sold shares in Adani Enterprises and Adani Green Energy through an open market transaction, raising ₹8,372 crore ($1 billion). GQG Partners acquired shares worth ₹1,100 crore in Adani Green Energy. The sale resulted in an increase in GQG's holdings in Adani Enterprises and Adani Green. The Adani family is believed to have used the proceeds to repay outstanding loans. The group has lost significant market value since January, following allegations of fraud and price manipulation by Hindenburg Research.