NRI Investor Ups Ante in Adani Group and Other Stocks

Mumbai: As one of India’s largest conglomerates continued to attract global attention, new details have emerged about increasing investments from an influential overseas investor.

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NRI Investor Ups Ante in Adani Group and Other Stocks

Mumbai: As one of India’s largest conglomerates continued to attract global attention, new details have emerged about increasing investments from an influential overseas investor.

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Regulatory filings show the investments are a clear vote of confidence despite recent controversy swirling around some Adani entities.

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Rajiv Jain, an NRI financier based in Florida who manages the billion-dollar GQG Partners fund

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At the time, he publicly stated he saw significant long-term potential overlooked by those focused on political risk perceptions.

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According to the latest available disclosures, his fund now owns almost 3% of shares in Adani Enterprises and Adani Ports

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In addition to the Adani portfolio, GQG was observed increasing its presence in other large Indian corporates as well.

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