Investment firm GQG Partners Inc founder Rajiv Jain will meet clients and investors in Australia this week and will explain its investment into embattled Indian conglomerate Adani Group, among other things, the company said on Tuesday.
GQG Partners bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in Adani since a short-seller’s critical report in January sparked a stock rout.
The report by U.S based Hindenburg Research alleged stock manipulation and improper use of tax havens by Adani, and flagged concerns over its debt levels. Adani has rejected the allegations and denied any wrongdoing.
