GQG Partners Emerging Markets Equity Fund has sold 58.92 lakh shares of Adani Enterprises at a price of ₹2,435.6 per share, totaling around ₹1,435 crore. The entire stake was acquired by SBI Mutual Fund through a bulk transaction. This sale occurred as Adani Enterprises' shares surged by 9% on the National Stock Exchange (NSE), extending gains to over 10% over the past two sessions. Despite GQG's increased exposure to Adani Enterprises earlier this year, the latest transaction will marginally reduce their stake from 3.9%. The sale follows Adani Enterprises' announcement of a net loss of ₹221 crore in the fourth quarter, a stark contrast to a profit of ₹3,845 crore in the same period last year. Revenue from operations rose 20% year-on-year to ₹32,439 crore, indicating operational stability despite the reported loss. The company's management noted that 80% of total EBITDA now comes from infrastructure and utility sectors, enhancing long-term earnings visibility.