GQG founder to meet Australian investors after Adani investment

10 Mar 2023 CW Team

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

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..