GQG Partners' investments in Adani stocks surge 172% to $11.6 billion
The US-based investment firm saw its investment in six Adani group stocks nearly triple in value, from ₹38,500 crore ($4.6 billion) to ₹96,431 crore ($11.62 billion) within a span of roughly seven months. This remarkable 150% increase highlights the investor's confidence in the Adani group and the potential growth of the Indian market.
Mumbai: ' investment in over the last year has surged nearly 172%, with half of the group stocks erasing all losses incurred since the US-based short-seller on the group.The US-headquartered invested ₹38,500 crore ($4.6 billion) in six stocks between March and October last year. As of Friday, the value of this investment stood at ₹96,431 crore ($11.62 billion).
GQG Partners made its first investment in March, acquiring stakes worth $1.87 billion ( ₹15,446 crore) in four stocks - Adani Ports, , , and flagship - in .
Later in June, GQG Partners invested around ₹11,350 crore in Adani Enterprises, Adani Green, and Adani Energy. In August, GQG invested ₹8,700 crore ($1.1 billion) in .
Source: Stocks-Markets-Economic Times
