Founder of GQG Partners, Rajiv Jain, hinted at an increase in investment in the Adani group after the recent $1.9 billion infusion into the Indian conglomerate. Speaking to journalists in Sydney, Jain explained that the firm typically initiates a position and then increases investment based on earnings and performance. Jain stated that the group’s rationale for buying Adani stocks when they were mostly falling was because they “do our deep dive, and we don’t follow the herd.” Jain noted that the response from clients to the Adani deal has been more positive than anticipated, stating “that’s how we differentiate ourselves.” GQG purchased 3.4% of Adani Enterprises for about $662 million, 4.1% of Adani Ports and Special Economic Zone for $640 million, 2.5% of Adani Transmission for $230 million, and 3.5% of Adani Green Energy for $340 million. GQG, which manages equity funds for institutional investors, bought the stock from the Adani family trust.
GQG Partners’ founder, Rajiv Jain, hinted at the possibility of increasing the company’s investment in the Adani group following a recent $1.9 billion infusion. Jain explained that the firm typically initiates a position and then increases investment based on earnings and performance during a call with journalists in Sydney. Jain stated that GQG’s investment strategy differs from the herd mentality, and the response from clients to the Adani deal has been more positive than anticipated. The New York-based firm purchased Adani Enterprises, Adani Ports and Special Economic Zone, Adani Transmission, and Adani Green Energy stocks for a total of $1.87 billion. The purchase was made from the Adani family trust. GQG Partners manages equity funds for institutional investors, including mutual funds, private funds, public agencies, and sovereign funds, both in and outside the US.
The Adani group recently received an investment of $1.9 billion from GQG Partners, with Rajiv Jain indicating a potential increase in investment in the conglomerate. Jain explained during a call with journalists that the firm typically initiates a position and then increases investment based on earnings and performance, with a strategy that does not follow the herd mentality. The response from clients to the Adani deal has been positive, according to Jain. GQG Partners purchased Adani Enterprises, Adani Ports and Special Economic Zone, Adani Transmission, and Adani Green Energy stocks for $1.87 billion from the Adani family trust. GQG Partners manages equity funds for institutional investors, including mutual funds, private funds, public agencies, and sovereign funds, both in and outside the US. In January, short-seller Hindenburg Research accused the Adani group of stock manipulation and improper use of offshore tax havens. The group denied all charges and prepaid share-backed financing of 73.74 billion rupees ($897.84 million) on Tuesday to ease concerns over leverage and debt. (With inputs from agencies)