GQG Partners chairman: Long-term growth prospects of Adani firms are substantial
Live MintWhile making one of the largest mega buying in an open market in Adani Group stocks, Rajiv Jain the chairman of GQG Partners on Thursday said, they believe that long-term growth prospects for these companies are substantial. GQG Partners which is one of the leading US-based global equity investment boutiques, purchased equity shares of four Adani companies for a whopping ₹15,446 crore in a series of secondary block deals. As per Adani Enterprises' regulatory filing, Rajiv Jain, Chairman and CIO of GQG Partners said, "I am excited to have initiated positions in the Adani companies." He said, "We believe that the long-term growth prospects for these companies are substantial, and we are pleased to be investing in companies that will help advance India’s economy and energy infrastructure, including their energy transition over the long run.” Further, Rajiv also said, "Gautam Adani is widely regarded as among the best entrepreneurs of his generation." He added, "This transaction marks the continued confidence of global investors in the governance, management practices, and the growth of Adani Portfolio of companies.” In its regulatory filing, Adani Enterprises said, GQG is investing in Adani Portfolio Companies which own and operate the largest airport and port platform in India, the largest private sector transmission and distribution platform in India, and that will generate ~9% of India's renewable energy capacity by 2030.