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GQG Partners Boosts Adani Group Holdings in Major Block Deal
In a strong show of confidence, Rajiv Jain’s GQG Partners has raised its stake in five Adani Group companies through a Rs 5,094-crore block deal. The move signals growing investor trust in the conglomerate’s long-term growth, months after the Hindenburg Research controversy.
Key Details of GQG’s Investment
Per stock exchange filings, GQG Partners acquired additional shares in:
– Adani Ports (APSEZ): Rs 1,672 crore
– Adani Green Energy: Rs 1,341 crore
– Adani Transmission: Rs 1,087 crore
– Adani Enterprises: Rs 601 crore
– Adani Energy Solutions: Rs 393 crore
This follows GQG’s initial Rs 15,000-crore investment in March 2023, bringing its total exposure to over Rs 20,000 crore in Adani stocks.
Why Is GQG Betting Big on Adani?
Rajiv Jain, GQG’s Chairman, has repeatedly backed India’s infrastructure and renewable energy sectors—core strengths of the Adani Group. He stated:
“Adani’s assets are irreplaceable, and their execution is strong. The long-term potential outweighs short-term noise.”
Analysts attribute the bullish stance to Adani’s debt reduction efforts, operational improvements, and the Supreme Court’s recent decision to not escalate the Hindenburg probe.
Market Reaction & Expert Insights
Adani Ports and Adani Green shares rose 2–3% post-deal. Experts remain optimistic:
– Nitin Agarwal (Axis Securities): “GQG’s move validates Adani’s fundamentals and India’s growth alignment.”
– Cautionary Note: Some advise monitoring governance risks despite improved sentiment.
What’s Next?
Adani plans to expand its $100B green hydrogen push and port capacities, while GQG reinforces its contrarian investment strategy.
Conclusion
The block deal underscores institutional faith in Adani’s revival. With GQG doubling down, the group’s infrastructure and energy plays remain in focus for long-term investors.
(For more financial updates, follow NextMinuteNews.)
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