GQG Partners invests ₹5,100 crore in Adani Group
pre-market1 source ↓written by the desknot a recommendation
- investment across five
- ₹5,100 crore
- investment in March
- ₹15,446 crore
GQG Partners, led by Rajiv Jain, has increased its stake in the Adani Group with a ₹5,100 crore investment across five companies, including Adani Enterprises and Adani Green Energy. This follows a series of block deals on Wednesday, marking a continued commitment since its initial ₹15,446 crore investment in March 2023.
The move may bolster market sentiment towards Adani stocks, which have faced volatility. GQG's ongoing investment strategy reflects confidence in the group's recovery and growth potential.
Not investment advice. For informational purposes only.