GQG founder to meet Australian investors after Adani investment
ECONOMY & POLICY

GQG founder to meet Australian investors after Adani investment

GQG Partners Inc founder Rajiv Jain will meet with clients and investors in Australia this week to discuss, among other things, the firm's investment in the troubled Indian conglomerate Adani Group.

GQG Partners purchased shares in four Adani group companies worth $1.87 billion, the first major investment in Adani since a short-critical seller's report in January sparked a stock rout.

An Australian pension fund client of GQG has expressed concern about the stake purchase, which comes at a time when major investors, including Norway's sovereign wealth fund, are selling Adani shares.

Jain is meeting in person with some of GQG's clients while holding conference calls with others. "It's also an opportunity to answer any questions they have about the business, including the Adani investment," GQG said, adding that this is Jain's first visit to Australia since the company went public on the ASX in 2021.

GQG paid $662 million for 3.4% of Adani Enterprises, $640 million for 4.1% of Adani Ports and Special Economic Zone, $230 million for 2.5% of Adani Transmission, and $340 million for 3.5% of Adani Green Energy.

According to the filings of the Indian firms, it purchased the stock from the Adani family trust.

GQG manages equity funds for institutional investors in and outside the United States, including mutual funds, private funds, public agencies, and sovereign funds, according to some analysts.

According to its filings, the Americas account for more than two-thirds of the funds under management of the Australia-listed investment firm. GQG received net flows of $3 billion in January and February, accounting for more than two-thirds of the total for 2022.

Also Read
Locals in Chinchinim, Goa oppose purchasing further land to widen NH66
New road safety centre initiated by Chandigarh Road Safety Society

GQG Partners Inc founder Rajiv Jain will meet with clients and investors in Australia this week to discuss, among other things, the firm's investment in the troubled Indian conglomerate Adani Group. GQG Partners purchased shares in four Adani group companies worth $1.87 billion, the first major investment in Adani since a short-critical seller's report in January sparked a stock rout. An Australian pension fund client of GQG has expressed concern about the stake purchase, which comes at a time when major investors, including Norway's sovereign wealth fund, are selling Adani shares. Jain is meeting in person with some of GQG's clients while holding conference calls with others. It's also an opportunity to answer any questions they have about the business, including the Adani investment, GQG said, adding that this is Jain's first visit to Australia since the company went public on the ASX in 2021. GQG paid $662 million for 3.4% of Adani Enterprises, $640 million for 4.1% of Adani Ports and Special Economic Zone, $230 million for 2.5% of Adani Transmission, and $340 million for 3.5% of Adani Green Energy. According to the filings of the Indian firms, it purchased the stock from the Adani family trust. GQG manages equity funds for institutional investors in and outside the United States, including mutual funds, private funds, public agencies, and sovereign funds, according to some analysts. According to its filings, the Americas account for more than two-thirds of the funds under management of the Australia-listed investment firm. GQG received net flows of $3 billion in January and February, accounting for more than two-thirds of the total for 2022. Also Read Locals in Chinchinim, Goa oppose purchasing further land to widen NH66 New road safety centre initiated by Chandigarh Road Safety Society

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?