GQG’s Rajiv Jain raises Adani stake by 10% for $3.5 billion bet
“Within five years, we would like to be one of the largest investors in Adani Group depending on the valuation, after the family,” Jain, GQG’s chief investment officer, said.
Veteran investor Rajiv Jain’s GQG Partners LLC has increased its stake in billionaire Gautam Adani’s conglomerate by about 10%. The US-based investment firm will also take part in the conglomerate’s future fund raising, doubling down on what he calls “the best infrastructure assets available in India."
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