GQG Partners-Adani Group Update: GQG Partners, which bailed out Adani Group in the first week of March 2023, was on the cards after the Hindenburg Research report came out. Founder and Chairman Rajiv Jain has further increased his investment in the Adani Group. GQG Partners has increased its stake in Adani group companies to around 10 per cent. For this the company has invested $3.5 billion.
Will continue to invest further
Rajiv Jain said that if Adani Group tries to raise any fund in future, GQG Partners will also participate in that campaign. He said that Adani Group’s infrastructure asset is the best available in India. He said that in the next five years, after the Adani family, we want to become the largest investor in the group, although it depends on the valuation. He said that he would like to be a partner in any new offer of Adani Group.
Rs 15446 crore was invested in March
Rajeev Jain has said these things in an interview. Although he did not disclose in which companies of Adani Group GQG Partners has invested. GQG Partners’ holding in the Adani group is worth $3.5 billion. Even before this, in March, Rajiv Jain, co-founder and chairman of GQG Partners, proved to be very special for the Adani group. Who provided Sanjivani to the group by buying shares of four companies of Adani Group for Rs 15446 crore. Ever since Rajiv Jain’s investment in Adani Group’s stocks, there was a decrease in volatility in the shares of group companies. And now the Supreme Court committee report and investments in group companies by GQG Partners have made the shares rocket.
Who is Rajiv Jain
Rajiv Jain is the Chairman and Chief Investment Officer of GQG Partners and he drives GQG’s investment strategy. He started in 1994 as a portfolio manager. In just seven years, Rajeev Jain has built GQG into a $92 billion investment powerhouse. For the last several years, he was keeping an eye on the stocks of Adani Group, but then he found the valuation of the shares of the group expensive. But since the Hindenburg report came out, GQG Partners has found a huge investment opportunity in the Adani group.
Adani Group Stocks: Adani Port’s stock recovers losses from Hindenburg, group’s market cap on the verge of touching Rs 11 lakh crore
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