He also has real estate projects in one of the most expensive cities in Asia. Rajiv Jain says he believes the airport itself is worth more than the company itself. The surrounding area is one of the most expensive real estate suburbs in Asia.
Rajiv Jain clarified that the allegations leveled against Hindenburg Adani are not at all delusional. The report referred to Adani’s dealings as one of the biggest scandals in corporate history. But then in March, GQG Partners made a big investment in shares of four of Adani’s firms.
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The Hindenburg Report, like a newspaper from 10 years ago
Rajiv Jain says that reading the Hindenburg Report was like reading a 10-year-old newspaper. Jain said that in his 30-year career in the insurance sector, I have never seen such a good company. He also has real estate projects in one of the most expensive cities in Asia. Rajiv Jain says he believes the airport itself is worth more than the company itself. The surrounding area is one of the most expensive real estate suburbs in Asia.
One of the many allegations leveled was that Adani held more than 75 per cent stake in the company. Let me ask, how can this be a scam? Could it be said that much of Hindenburg’s alleged fraud was so? asks Rajiv Jain
India’s Prime Minister Narendra Modi-led government is looking for investors to improve the country’s infrastructure and attract investment in India’s manufacturing sector. Many projects of Adani Group are related to the development of India.
In particular, this includes Adani’s coal and mining assets and data centers. Rajeev Jain points to the majority stake in Mumbai’s international airport as a sign of Adani’s healthy business.
GQG Partners, which invests in various industries like oil and banking, manages assets worth more than $90 billion.