GQG Partners ups stake in two Adani cos to above 5 pc

US-based boutique investment firm GQG Partners has ramped up its shareholding in two Adani group companies to more than 5 per cent in signs of its confidence in the group despite the damning report of a US short seller. On June 28, GQG bought USD 1 billion (Rs 8,265 crore) worth of additional stakes in the group’s flagship Adani Enterprises Ltd and renewable energy firm Adani Green Energy Ltd.