GQG Partners Of Rajiv Jain To Invest Another 500 Million Dollars In Adani Stocks

After the report of the American short seller company Hindenburg (Hindenburg Adani Report), investor GQG Partners (GQG Partners), which has shown confidence in Adani’s shares in difficult times, has once again announced an increase in investment. This is the third big investment by GQG Partners in Adani Group shares within a few months. The foreign investment firm has invested about $ 500 million in Adani Group Stocks this time.

Made the first investment in March

According to a latest Bloomberg report, GQG Partners, an Australia-listed company of Indian-origin investor Rajiv Jain, has invested $330 million to $530 million in Adani group companies this time. Earlier, GQG Partners had invested $1.87 billion i.e. Rs 15,446 crore in Adani group companies in early March. Now GQG Partners has bought shares worth about Rs 4,400 crore. Although GQG Partners has not told whether it has bought these shares from the open market or in any other way.

Total investment in Adani shares

Rajeev Jain, chairman, chief investment officer and portfolio manager of GQG Partners, told Bloomberg, “Our overall shareholding in all Adani companies is higher than on March 3. A total investment of around $2.2 to 2.4 billion has been made from more than a dozen different accounts. We have these shares in separate accounts.

Adani’s shares will become multibagger

Rajeev Jain had earlier said in an interview to Bloomberg last month that Adani Group shares could prove to be a multibagger in the next five years. On the basis of this belief, he has recently invested about $ 2 billion in the shares of Adani Group. Jain feels that the value of Adani’s shares lies in its assets. According to Rajeev Jain, India needs businessmen like Adani to improve its infrastructure and attract manufacturers from China.

Target to stay behind only Adani family

In early March, GQG Partners acquired 04 shares of Adani Group in Adani Enterprises, Adani Ports and Special Economic Zone, Adani Green Energy and Adani Transmission. 15,446 crore was spent. This is one of the biggest investments in Adani Group shares so far. Jain has repeatedly indicated to increase investment in Adani’s shares. He had said that he aims to become the largest shareholder after the promoters in Adani group companies.

Such strong earnings in 100 days

GQG Partners has also made tremendous gains from the initial investment made in the shares of Adani Group. On March 2, the group had invested Rs 5,460 crore in Adani Enterprises, Rs 5,282 crore in Adani Ports and Special Economic Zone, Rs 2,806 crore in Adani Green Energy and Rs 1,898 crore in Adani Transmission. The value of GQG’s investment in Adani shares has increased by 58 per cent since then to over Rs 24,414 crore. Means GQG has earned about 10 thousand crore rupees in just 100 days from Adani’s shares.

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