New Delhi: At a time when Adani Group is under duress for almost over a month, the US boutique investment firm GQG Partners has invested Rs 15,446 crore in Adani Group’s four companies including Adani Enterprises Ltd, Adani Green Energy, Adani Ports and Special Economic Zone and Adani Transmission.
Rajiv Jain, Chairman of GQG Partners said that the company not only invested in Adani, but the firm also bought into Infosys when they were facing allegations and also Brazilian state-backed firm Petrobras when they were under a lot of scrutiny.
In an interview to The Economic Times, He said that they thought that a secondary offering was better than a primary offering.
Within two days of Adani shares, GQG scored a profit of Rs 470 per share on the flagship Adani Enterprises share.
Who is Rajiv Jain?
Rajiv Jain was born in India. He did his schooling in Rajasthan and later moved to America for further studies.
He did his Master in Business Administration (MBA) from Miami.
Rajiv Jain is the chairman and CEO of GQG Partners, which was formed in 2016.
Pillai first bought his stock when he was still in high school.
At the age of 22, he started to manage people’s money. Before starting his own company, he has worked for Vontobel Asset Management in June 2016. Pillai was the co-chief executive officer, chief investment officer, and head of equities.
Currently, he owns around 70 percent of the company. While his stake is worth 2 billion dollars.
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