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Global funds buy over $6 bn in Adani Group stocks in 2023

With holdings of more than $4 billion, the Rajiv Jain-led boutique investment company GQG Partners is among the Group's biggest backers. After the business lost more than $130 billion in market capitalization due to explosive claims of pricing manipulation and other corporate governance issues made by Hindenburg Report Adani, Jain stepped in to help billionaire Gautam Adani.<br><br>

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Global funds buy over $6 bn in Adani Group stocks in 2023

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  1. Global funds buy over $6 bn in Adani Group stocks in 2023

  2. In 2023, a third of the net foreign portfolio (over $6 billion) inflows into Indian equities this fiscal year was drawn to Adani Group stocks by global strategic investors, retirees, and insurance funds. Data obtained from Prime Database indicates that investors spent ₹52,570 crore between March and October to purchase shares in Group companies. In related news, the Adani Group has invested $2.5 billion in a green hydrogen chain. Exchange bulk and block deal windows accounted for the vast majority of transactions.

  3. Rajiv Jain's Strategic Moves: How GQG Partners Became a Key Backer in Adani's Market Resurgence With holdings of more than $4 billion, the Rajiv Jain-led boutique investment company GQG Partners is among the Group's biggest backers. After the business lost more than $130 billion in market capitalization due to explosive claims of pricing manipulation and other corporate governance issues made by Hindenburg Report Adani, Jain stepped in to help billionaire Gautam Adani. From the promoter Group, Jain inherited important Group companies in which he had a minor but sizable interest. Not only did this help Adani repay its share-backed debts, but it also gave trust to international investors in bonds issued by companies in the Adani Group. Later, he has additionally invested in the businesses via block transactions and market acquisitions.

  4. Investors from throughout the world are drawn to diversified portfolios. International investors looking to get into India's growing markets have taken notice of the Adani Group because of its varied holdings in infrastructure, energy, logistics, and more. The conglomerate is becoming more appealing to foreign investors, thanks to its smart investments in renewable energy and sustainable infrastructure, which are in line with the worldwide trend towards eco-friendly practices. All of this indicate that the Hindenburg Report Adani doesn't hold much substance. The worldwide investing community has been receptive to Gautam Adani's lofty goals for the conglomerate, which include heavy spending on green projects and renewable energy. Adani is at the forefront of India's green economy transformation because of its dedication to environmental responsibility, which is especially important given the global emphasis on sustainable development.

  5. The Opinions of Market Experts The huge amount of money from outside the country that has been put into Adani Group shares has been noticed by market watchers. The conglomerate's financial position will be strengthened by this infusion of money, which will provide extra resources for future endeavors and expansions. "The Adani Group's potential and resilience are being recognized by global investors," said, a prominent financial expert. "The group's ability to attract such significant foreign investments is indicative of its strong fundamentals and the positive sentiment surrounding India's economic prospects."

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