Rajiv Jain’s GQG Partners Sees 150% Surge in Adani Group Investments to $10 Billion

Rajiv Jain of GQG Partners increased his stake in Adani Group post-Hindenburg's critical report, despite initial stock declines due to concerns over corporate governance and financial misrepresentation.
Rajiv Jain's GQG Partners Sees 150% Surge in Adani Group Investments to $10 Billion

Rajiv Jain of GQG Partners boosted his investments in Adani Group companies following a critical report from Hindenburg Research in January 2023. This move came despite concerns over corporate governance and financial misrepresentation, which initially caused Adani stocks to plummet.

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Post-recovery of Adani Group’s share prices, Jain’s investments have seen a significant increase, soaring 150% to $10 billion. This growth reflects a strong comeback in the value of these assets within a year.

Jain initially invested heavily across several Adani entities, with total holdings worth Rs 15,400 crore by March 2023. His strategic placements in Adani Enterprises, Adani Ports, Adani Energy Solutions, and Adani Green Energy showcased a diversified bet within the conglomerate.

In mid-2023, Jain doubled down on his investments amid falling prices, contributing significantly to Adani Enterprises and other group companies. His total investment ballooned from $1.34 billion to $2.35 billion, demonstrating his confidence in the group’s potential.

GQG Partners, led by Jain, continues to influence global markets, not just through Adani but also via investments in other major Indian firms like JSW Energy and IDFC First Bank. Jain’s market acumen and strategic investments underline his significant footprint in the investment world.

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