GQG Partners Boosts Stake in 5 Adani Group Companies
In a major vote of confidence for the Adani Group, Rajiv Jain’s GQG Partners has increased its stake in five Adani companies through block deals worth Rs 5,094 crore. This move highlights renewed investor trust amid the group’s recovery from the Hindenburg Research controversy.
Key Adani Companies in the Block Deal
As per stock exchange filings, GQG Partners invested in:
1. Adani Ports and SEZ (APSEZ) – Rs 1,672 crore
2. Adani Green Energy (AGEL) – Rs 1,336 crore
3. Adani Energy Solutions (AESL) – Rs 1,000 crore
4. Adani Enterprises (AEL) – Rs 700 crore
5. Adani Power (APL) – Rs 386 crore
The deals, executed via NSE and BSE, solidify GQG’s position as a top foreign investor in the Adani Group.
Why GQG Is Bullish on Adani
Rajiv Jain, GQG’s Chairman and CIO, has consistently backed Adani, calling it a “world-class infrastructure player.” Key factors driving this investment:
– Undervalued Stocks: Post-Hindenburg prices remain attractive.
– Strong Financials: Robust earnings in ports, renewables, and power.
– Alignment with India’s Growth: Infrastructure and green energy are government priorities.
Market Reaction & Expert Insights
- Adani Ports (+2.5%) and Adani Green (+1.8%) rose post-deal.
- Analysts are split—some applaud GQG’s conviction; others flag regulatory risks.
Nuvama Institutional Equities noted: “GQG’s investment reflects faith in Adani’s execution, but transparency is crucial for sustained trust.”
Adani’s Road to Recovery
Since January 2023, Adani Group has:
– Repaid $2.65 billion in debt.
– Secured investments from GQG, Qatar Investment Authority, and TotalEnergies.
– Won Supreme Court relief in Hindenburg-related cases.
What’s Next?
GQG’s total Adani investment now exceeds Rs 38,000 crore. Speculations arise about further stake increases or board roles. For Adani, consistent growth in renewables and governance improvements remain critical.
Final Takeaway
GQG’s Rs 5,094-crore investment underscores confidence in Adani’s long-term potential and India’s infrastructure growth story.
