Rajeev Jain, who is becoming the savior of Adani Group, has kept investing in companies. Rajeev Jain, who invested more than Rs 15,000 crore in the first week of March, has since invested $330 million to $530 million i.e. more than Rs 4,100 crore. According to Rajeev Jain, chairman of GQG Partners, his total shareholding in Adani Group companies is more than 3 March. At present, his total investment has increased from $ 2.2 billion to $ 2.4 billion.
How much did you invest in which companies earlier?
On March 2, Adani Group had disclosed that GQG had invested Rs 15,446 crore in Adani Enterprises ($660 million), Adani Ports ($640 million), Adani Transmission ($230 million) and Adani Green Energy ($340 million). 1.87 billion dollars). Jain did not comment on whether GQG subsequently bought Adani shares from the open market as well. He recently told in an interview that within five years, we want to become one of the largest investors in Adani Group on the basis of valuation after Adani family.
58 percent profit
The shares of Adani Group have gained momentum in the last few months. The maximum increase has been seen in the shares of Adani Enterprises and Adani Green. Because of which the value of GQG's investment of Rs 15,000 crore has increased to Rs 24,414.59 crore. This means that the investment value of GQG has increased by 58 per cent during this period. A mutual fund manager, on the condition of anonymity, said that GQG's investment in Adani Group will instill confidence in other investors as well.
Fund raising through QIP
The boards of Adani Enterprises and Adani Transmission have passed a resolution to raise Rs 12,500 crore and Rs 8,500 crore, respectively, through Qualified Institutional Placement (QIP). Adani Green has made a similar proposal before the board. In January, Adani Enterprises launched an FPO to raise Rs 20,000 crore by selling shares. The FPO was withdrawn on February 1 due to a fall in the stock after Hindenburg Research's January 24 report.
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