New Delhi:
GQG Partners, led by Digger Global Investor Rajiv Jain, have once again played a big bet in Adani Group. GQG has increased its stake in Adani’s 5 different companies. Not only GQG, the country’s government insurance company LIC has also increased its share in 3 companies of Adani Group.
While global investors are keeping distance from different markets of the world, GQG and LIC have made a strong hold in the entire Adani portfolio, from ports to power, from the ports to power.
Adaani Group has emerged firmly despite the false allegations made in the US at the end of 2024. Stability is returning to the Global Investors Service, GQG has once again expressed confidence in Adani.
Which companies GQG increased stake in?
During the March quarter, GQG has increased the stake in 5 companies of Adani Group. In Adani Ports, GQG has taken a completely U-turn. It reduced its share in the December quarter, but has now increased considerably. In comparison to the December 2024 quarter, GQG has increased its stake in different companies of Adani Group to about 250 basis points.
- Adani Ports: The share of 1.46% to 247 basis points of the December quarter has been increased from 3.93%.
- Adani Green Energy: It has now increased to 4.49% with an increase of 28 basis points in stake.
- Adani Energy Solutions: GQG’s stake in this company increased 13 basis points to 5.23%.
- Adani Enterprises: GQG’s stake in this flagship company increased 17 basis points to 3.84% now.
- Adani Power: It also increased to 5.1% stake with a slight increase.
In which companies did LIC increase share?
- Adani Ports: The share has been increased from 7.86% to 8.10% of the December quarter.
- Adani Enterprises: LIC’s stake in this increased from 4.02% to 4.16% now.
- Ambuja Cement: LIC’s stake in this increased from 5.07% to 5.55% now.
- ACC: LIC’s stake in this company increased from 6.57% to 7.69% now.
Expressed confidence amid uncertainty
This investment has increased at a time when Adani’s shares were already under little pressure due to US President Trump’s tariff policies. Trump’s economic policies were affected by Emerging Markets, that is, the perception of emerging markets. But in spite of this, this step of GQG and LIC shows that investors believe in long periods of Adani Group.
GQG’s increasing investment clearly shows that legal and business pressure on Adani Group is slowly removing. Also, it is that global investors are again looking at the opportunity in the big companies of India. Rajiv Jain’s GQG has been a big supporter of Adani Group before and now she is strengthening her trust with an increased stake.
(Disclaimer: New Delhi Television is a Subsidiya of Amg Media Networks Limited, an adani group company.)