New Delhi: At a time when Adani Group is beneath duress for nearly over a month, the US boutique funding agency GQG Companions has invested Rs 15,446 crore in Adani Group’s 4 corporations together with Adani Enterprises Ltd, Adani Inexperienced Power, Adani Ports and Particular Financial Zone and Adani Transmission.
Rajiv Jain, Chairman of GQG Companions mentioned that the corporate not solely invested in Adani, however the agency additionally purchased into Infosys after they had been going through allegations and likewise Brazilian state-backed agency Petrobras after they had been beneath a whole lot of scrutiny.
In an interview to The Financial Instances, He mentioned that they thought {that a} secondary providing was higher than a major providing.
Inside two days of Adani shares, GQG scored a revenue of Rs 470 per share on the flagship Adani Enterprises share.
Who’s Rajiv Jain?
Rajiv Jain was born in India. He did his education in Rajasthan and later moved to America for additional research.
He did his Grasp in Enterprise Administration (MBA) from Miami.
Rajiv Jain is the chairman and CEO of GQG Companions, which was shaped in 2016.
Pillai first purchased his inventory when he was nonetheless in highschool.
On the age of twenty-two, he began to handle folks’s cash. Earlier than beginning his personal firm, he has labored for Vontobel Asset Administration in June 2016. Pillai was the co-chief government officer, chief funding officer, and head of equities.
At the moment, he owns round 70 p.c of the corporate. Whereas his stake is price 2 billion {dollars}.
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