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India's Adani group gets $1.87 bln investment from U.S. firm GQG

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U.S. boutique investment firm GQG Partners has bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout.

"We believe that the long-term growth prospects for these companies are substantial," said Rajiv Jain, GQC's chairman and chief investment officer. Before founding GQG, Jain spent 22 years at Vontobel Asset Management.

Based in Fort Lauderdale, Miami, GQG manages $88 billion in assets, in global, U.S. and emerging markets equities funds. In the run-up to the announcement, Adani group shares rallied, with Adani Enterprises climbing nearly 35% over the last three sessions, Adani Ports 11% and Adani Green Energy 16%. Adani Transmission rose 10% in the previous two sessions.

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Adani on fire 😍🔥🔥🔥.

Rajiv Jain is a Modi supporter. Did he get instructions to bail out Adani?

USA and hindensburg should investigate this,as this may be another disguise from adani. You never know he might be fooling people again😉😜.

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India's Adani group gets $1.87 bln investment from U.S. boutique firm GQGU.S. boutique investment firm GQG Partners has bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout. Getting back lost sheen ….
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