Rajiv Jain’s GQG Partners has reinvested in Adani Group. GQG Partners, a global investment firm, invested Rs 15,000 crore in Adani shares after the Hindenburg report. Apart from this, it has now increased its stake to 10% in the Adani Group shares. Within a year, Rajiv Jain said that they aim to become the largest investor in the Adani Group, by valuation, after the Adani family. GQG Partners currently has an investment of around $3.5 billion in Adani shares.
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Rajeev Jain said that he is interested in participating in any new offer of Adani Group. But he did not specify in which Adani shares GQG Partners has increased investment at present. Adani shares have been bought in the last few days. He said the company was also involved in matters related to Adani’s fund raising.
Also Read: ‘Hindenburg report not an issue, Adani shares will rise further’; Rajeev Jain Earlier this month, Adani Enterprises and Adani Transmission Limited had announced that they would raise funds. Around Rs 21,000 crore was said to be raised through Qualified Institutional Placement (QIP). It was announced that Adani Enterprises will raise Rs 12,500 crore and Adani Transmission Rs 8,500 crore.
Also Read: Adani shares are not the only ones that have bought on the dip, they must know how to play a profitable game; Rajeev Jain In March 2023, Adani Group’s promoter firm Adani Family Trust, Adani Ports & Special Economic Zone, Adani Green Energy, Adani Transmission and Adani Enterprises sold stakes to GQG Partners. This was through a series of secondary block trade exchanges. GQG Partners has invested a total of Rs 15,000 crore. In an interview last month, Rajiv Jain had said that Adani’s stake would give GQG Partners a multi-bagger profit in five years.
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