spent so many crores last week
GQG Partners last week invested Rs 15,446 crore in Adani Group’s 04 shares Adani Enterprises, Adani Ports and Special Economic Zone, Adani Green Energy and Adani Transmission. Had put Rs. This is one of the biggest investments in Adani Group shares so far. Now Jain’s company is considering increasing its exposure.
Jain’s strategy remains like this
According to a Reuters news, Jain is currently in Australia. He is clearing the questions asked by his investors after investing money in Adani’s shares. In this sequence, he was talking to journalists and investors in Sydney on Wednesday. In the meantime, Jain said, there are possibilities that we will buy more because usually we take positions first, and then depending on how the company’s earnings are and how its shares perform. Throw away your full investment. We have not yet invested our full potential in Adani shares.
Questions being asked from GQG Partners
As far as GQG Partners is concerned, after investing in the shares of Adani Group, its own shares are getting affected. The next day after this news came out, the shares of GQG Partners fell by 4 per cent. Following the decision, Jain and his firm are facing questions from their investors, including some of Australia’s largest pension funds. Pension fund investor Cbus Super told Reuters last week that it had sent queries to GQG Partners about its investment in Adani’s shares.
Jain’s comment on the Hindenburg Report
However, Jain is justifying the investment made in the Adani group. He says that GQG Partners does its own in-depth research before buying shares of any company. In Adani’s case too, the firm has done research and feels that Adani group companies have a lot of potential. Jain described Gautam Adani as one of the most respected entrepreneurs of his generation. Regarding the Hindenburg report, Jain said that everyone has their own opinion, but his company GQG Partners believes in forging its own path rather than being part of the crowd.
