GQG shares plunge 20%; says 90% of clients' assets unrelated to Adani
The Rajiv Jain-led firm has infused around ₹80,000 crore in Adani Group companies, including Adani Ports, Adani Green Energy, and Adani Enterprises
The Rajiv Jain-led firm has infused around ₹80,000 crore in Adani Group companies, including Adani Ports, Adani Green Energy, and Adani Enterprises
Rajiv Jain and CEO Tim Carver, who collectively have over $1 billion invested in GQG strategies, are deeply entangled in the fallout
The SEC’s order finds that GQG violated whistleblower protection rules.
Rajiv Jain's GQG Partners has raised its stakes in six Adani group companies by around ₹8,300 crore in the March quarter.
Vedanta’s parent Vedanta Resources (VRL) was looking to sell stake worth $1 billion in the company to Rajiv Jain-led investment firm GQG Partners.
The Rajiv Jain-led GQG Partners acquired a 4.7% stake in GMR Airports Infrastructure for ₹1,672 crore on Friday.
The Rajiv Jain-led investment firm picked up 2.58% shares in IDFC First Bank at ₹89 apiece via bulk deals, amounting to ₹1,527 crore.
Kempas Trade and Investment, a promoter entity, acquired 2.53 crore shares of Adani Enterprises in the open market between August 7 and August 18.
The combined market capitalisation of Adani Group stocks touched ₹11.29 lakh crore on Monday, hitting six months high amid recent investments by Rajiv Jain-led GQG Partners.
The investment firm picked up 22.56 lakh shares of Adani Ports through bulk deal on August 17, 2023, raising its stake in the company from 4.93% to 5.03%.