The Adani Group is a large conglomerate in India that operates in various sectors, including ports, logistics, energy, and agribusiness.
In recent years, the group has attracted investment from various sources, including institutional investors and sovereign wealth funds.
For example, in 2020, the Adani Group raised $1.2 billion from a consortium of foreign institutional investors, including BlackRock, T. Rowe Price, and Norges Bank Investment Management.
In 2021, the group also received investment from the Qatar Investment Authority and the Abu Dhabi Investment Authority.
It’s worth noting that the Adani Group has been the subject of controversy and criticism in recent years, with some environmental activists and indigenous communities raising concerns about the group’s impact on the environment and human rights.
These concerns have led some investors to divest from the group, while others continue to invest in it.
U.S. most trusted investment firm GQG Partners Inc has bought shares worth $1.86 billion in four Adani group companies, marking the first major investment in the adani group since a short-seller hindenburg research report out.
” We believe that the long-term growth prospects for these companies are substantial,” said Rajiv Jain, GQG’s chairman and CIO at GQG.
GQG is one of the world’s leading market investors; as of January, it manages assets worth $92 billion. Despite this, Jain has been a relatively lesser-known man. He does not have a Twitter account and rarely appears on television.
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Who is Rajiv Jain?
Rajiv Jain was born and grown up in India. In 1990, he moved to the US to pursue an MBA at the University of Miami.
His career as a portfolio manager started in 1994 when he joined Vontobel Asset Management. Gradually, he came to be known as the “star manager” at Vontobel.
He rose to the rank of CIO and the head of equities at Vontobel.
Adani Group Stock Returns Till Date
Adani group stock fall after hindenburg report was published on 24 january. Investor withdrawl their money from adani stocks due to stock fall.
Adani port fall more than 40 percent and other stocks also fall more than percents. After GQG Partners investment adani stock gain 15 percent in two days.