GQG's Rajiv Jain to explain regarding Rs 15,446-cr Investment in Adani Group to Australian Investors. GQG Investments’ Rajeev Jain will inform investors this week about its Rs 15,446 crore investment in the Adani Group. GQG (GQG Partners) chairman and chief investment officer Rajiv Jain will meet with customers and investors in Australia this week to discuss the business’s reasoning for investing in Gautam Adani’s enterprise, according to a statement from the company. Rajeev Jain will be visiting Australia for the first time since the firm was listed in Australia in 2021.
GQG Partners invested Rs 15,446 crore in four Adani Group firms with Adani Green Energy Limited, Adani Transmission Ltd, Adani Enterprises Ltd, and Adani Ports and Special Economic Zone Ltd receiving investments from GQG. The transaction was completed using secondary market block transactions and Jefferies India Private Ltd acted as the transaction’s middleman. GQG Partners is a Florida-based boutique investing business that administers institutional equity funds such as mutual funds, corporate funds, governmental agencies, and sovereign funds.
SB Adani Family Trust sold around 21 crore shares in all four group firms on the open market last week. GQG Partners paid Rs 1,898 crore for 2.84 crore Adani Transmission shares for Rs 668.4 each. Adani Enterprises Ltd purchased 3.87 crore shares for Rs 5,460 crore, Adani Ports purchased 8.86 crore shares for Rs 5,282 crore and Adani Green Energy purchased 5.56 crore shares for Rs 2,806 crore.
That is the Adani group’s first substantial investment since the stock dropped $135 billion in January following a negative analysis by Hindenburg Research. GQG’s investment comes at a time when significant investors, like Norway’s public wealth fund, have sold all of their Adani stock.
