Adani Group stocks in focus after $1.87 billion investment from US firm GQG
1 year, 9 months ago

Adani Group stocks in focus after $1.87 billion investment from US firm GQG

India Today  

US boutique investment firm GQG Partners Inc has bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout. US-based, Australia-listed GQG has, through block deals, bought shares worth 154.46 billion rupees in four Adani group companies, including the conglomerate's flagship firm Adani Enterprises, a regulatory filing showed. "We believe that the long-term growth prospects for these companies are substantial," said Rajiv Jain, GQG's chairman and chief investment officer, adding the firm's investments take into account a five-year horizon. "This transaction marks the continued confidence of global investors in the governance, management practices and the growth of Adani Portfolio of companies," said Adani Group CFO Jugeshinder Singh.

History of this topic

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