NRI Investor Ups Ante in Adani Group and Other Stocks

Mumbai: As one of India’s largest conglomerates continued to attract global attention, new details have emerged about increasing investments from an influential overseas investor.

Regulatory filings show the investments are a clear vote of confidence despite recent controversy swirling around some Adani entities.

Rajiv Jain, an NRI financier based in Florida who manages the billion-dollar GQG Partners fund

At the time, he publicly stated he saw significant long-term potential overlooked by those focused on political risk perceptions.

According to the latest available disclosures, his fund now owns almost 3% of shares in Adani Enterprises and Adani Ports

In addition to the Adani portfolio, GQG was observed increasing its presence in other large Indian corporates as well.