Adani, India’s leading industrialist, is now in trouble. Hindenberg, an American economic research firm, has published a report investigating irregularities in Adani’s shares and investments. After the report on January 24, Adani’s shares and industrial investments suffered a sharp decline. As investors lost faith in him in the stock market, all company shares owned by the Adani Group began to sink.
COMMERCIAL BREAK
SCROLL TO CONTINUE READING
Read more | Everything is AI now – Elon Musk’s mass plan..!
His efforts to correct this do not seem to have been fruitful so far. However, he is throwing away all his astras now. As a result, banks have announced that they are willing to lend some money, and big businessmen have come forward to invest. GQG Partners, part of which is owned by businessman Rajeev Jain, has invested in Adani’s shares. He has bought shares worth Rs 15,446 crore owned by the Adani Group through a block deal. This information immediately started flying in the stock market circles.
Immediately, Adani’s shares returned to the upside. Whether or not Adani got the full benefit of this…Rajeev Jain got it. Because within 2 days of his investment in Adani Group, his stake increased by Rs 3,100 crore. This means that Rajiv Jain’s shares have now reached a value of Rs 18,548 crore. It’s only in 2 days. Rajiv Jain’s GQG Partners has bought stakes in 4 Adani Group companies. Namely, it has invested in companies including Adani Ports and Special Economic Zone, Adani Green Energy. GQG Partners said these companies have enormous growth potential over the long term.
GQG Partners was founded in June 2016 by Rajiv Jain. GQG Partners is the world’s leading global and emerging markets investment firm. As of 31 January 2023, the firm manages over $92 billion in client assets. The company is headquartered in Florida, USA. Its offices are in New York, London, Seattle and Sydney. The company is listed on the Australian Stock Exchange. 2021 brings the largest IPO in Australia. It raised $1.187 billion.
Read more | Adani: Gautam Adani’s property value on the rise..!
Read more | Are you a free ration buyer? Then read this message immediately
Unbiased, uncompromising news in the palms of your hands!
Follow us on social media to stay up to date with news and share your views.
@ZEETamilNews on Facebook, Twitter @ZeeTamilNews And like the page https://t.me/ZeeTamilNews on Telegram.
Download Zee Tamil News app now to get all kinds of news in Tamil like Education, Entertainment, Politics, Sports, Health, Lifestyle, Social, Employment!!
Android Link: https://bit.ly/3AIMb22
Apple Link: https://apple.co/3yEataJ