Investment firm GQG Partners gains over 36% from Adani group bets
Contrarian bets by GQG Partners on Adani group shares since March seem to have paid off, as the Australia-listed investment firm has made more than 36 per cent gains on its total investment of Rs 30,755 crore ($3.7 billion) so far. The current value of its investment in the Indian conglomerate stood at Rs 42,017 crore ($5.1 billion) as of Friday, data from the stock exchanges showed.
The first tranche of investment made by GQG Partners was Rs 15,446 crore, in four Adani group firms – Adani Enterprises, Adani Ports & SEZ, Adani Transmission, and Adani Green Energy. This has yielded 64.4 per cent returns, with the investment rising to Rs 25,388 crore as of Friday.
