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GQG Partners Make Significant Investment in The Adani Group of Companies

This strategic investment reflects the strong confidence that the investors have in the future of the Adani Group despite the ongoing market fluctuations and the controversies of Adani shell companies. With this investment, the Adani Group will be able to fund its various projects. The global conglomerate with also find it easy to carry out its business operations with full force.

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GQG Partners Make Significant Investment in The Adani Group of Companies

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  1. GQG Partners Make Significant Investment in The Adani Group of Companies

  2. GQG Partners, one of the long-standing investors in the Adani Group of Companies, has decided to increase its investment in the Adani Group. This strategic investment reflects the strong confidence that the investors have in the future of the Adani Group despite the ongoing market fluctuations and the controversies of Adani shell companies. With this investment, the Adani Group will be able to fund its various projects. The global conglomerate with also find it easy to carry out its business operations with full force.

  3. The Recent Investments Made on Adani Group Entities: Promoter group entities and GQG Partners have decided to increase their stakes in Adani Group companies. These entities have invested more than INR 19,000 crore during the September quarter. The promoters have contributed INR 12,780 crore while GQG Partners have invested around INR 6,625 crore in the company. This has helped the company acquire a significant inflow of funds after the allegations of Adani shell companies. With the funds, the Adani Group will be able to carry out its business operations in diverse areas of expertise. The company will also be able to encourage other investors to make similar contributions to the various projects of the global conglomerate.

  4. Promoters Increase Their Stakes in The Adani Group: The Adani Group promoters have significantly boosted their stakes in Adani Enterprises Limited, Adani Energy Solutions, Adani Power Limited, and Adani Green Energy Limited. They have however reduced their stakes in Ambuja Cement. The largest investment was in Adani Green Energy. The promoters have raised their stakes by 3.42% in Adani Green Energy by buying shares worth INR 10,310 crore. This is seen as a huge win for the global conglomerate. In Adani Power, the promoters have increased their holdings by 2.25%. This involves an investment worth INR 5,703 crore. They have also made investments worth INR 427 crore in Adani Energy Solutions and INR 626 crore in Adani Enterprises. Their stakes in Ambuja Cements were reduced by 2.76% after an INR 4,288 crore sale.

  5. GQG Partners’ Investment In the Group’s Portfolio: GQG Partners led by Rajiv Jain has been one of the most trustable investors in the Adani Group. Even when the controversies of Adani shell companies were ongoing, GQG Partners had made significant investments in the company. Presently, it has increased its stakes in four Adani Group entities. The company has contributed INR 3,390 crore to Adani Green Energy. It has also invested INR 1,784 crore in Adani Energy Solutions and INR 1,077 crore in Ambuja Cements. The company’s stakes in Adani Energy Solutions rose to 4.7% from 3.4%. Its stakes in Adani Green Energy also increased from 4.16% to 5.28%. The company also increased its stakes in Adani Enterprises and Ambuja Cement.

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