Will look to increase stakes in Adani companies: GQG's Jain
Business Standard|March 09, 2023
'It's one of the best energy transition stories you can buy into, one of the best infra assets in India'
NABILA AHMED
Will look to increase stakes in Adani companies: GQG's Jain

GQG Partners founder Rajiv Jain said his US-based fund will likely increase its stakes in industrialist Gautam Adani's firms over time, reiterating his confidence in the ports-to-power conglomerate after investing $1.9 billion last week.

"This is one of the best energy transition stories you can buy [into], one of the best infrastructure assets you can get in India," Jain said on a call with reporters in Australia on Wednesday.

This story is from the March 09, 2023 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the March 09, 2023 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Mr Dependable: Why Indigo is Rahul Dravid of aviation
Business Standard

Mr Dependable: Why Indigo is Rahul Dravid of aviation

Analysts turn bullish as stock soars 83% in past year

time-read
3 mins  |
May 08, 2024
Business Standard

Prospects and valuation, not past returns, should be your guide

Sector and thematic funds attracted ₹46,137 crore in 2023-24, the largest inflow across all fund categories, according to data from the Association of Mutual Funds in India (Amfi).

time-read
3 mins  |
May 08, 2024
Business Standard

Sebi cracks whip on employee misconduct

The Securities and Exchange Board of India (Sebi) has come out with stringent measures to deal with misconduct and corrupt practices by its staffers.

time-read
1 min  |
May 08, 2024
Business Standard

Volume recovery crucial for Marico's growth in FY25, stock gains

Marico's January-March quarter (Q4) results were slightly better than consensus.

time-read
2 mins  |
May 08, 2024
Fear factor: India Vix surges to 15-mth high
Business Standard

Fear factor: India Vix surges to 15-mth high

Uncertainty over election results, US Fed rate cut fan volatility

time-read
2 mins  |
May 08, 2024
Heavyweights drag down markets
Business Standard

Heavyweights drag down markets

Midcap, smallcap indices log biggest fall in nearly two months

time-read
2 mins  |
May 08, 2024
Business Standard

Celebrities liable for products in misleading ads: SC

Social media influencers and celebrities now find themselves in the thick of the Supreme Court's lens as the court on Tuesday said that they'll share equal responsibility for endorsing products or services in misleading advertisements.

time-read
1 min  |
May 08, 2024
59% rise in 'ghost' shopping mart
Business Standard

59% rise in 'ghost' shopping mart

Almost ₹6,700 cr 'trapped' in gross leasable space of such shopping centres in 2023: Report

time-read
1 min  |
May 08, 2024
Rising repatriation
Business Standard

Rising repatriation

As worrying as the recent decline in gross foreign direct investment is the increasing pace of disinvestment

time-read
5 mins  |
May 08, 2024
Business Standard

Making family businesses last

Few family-owned firms anywhere in the world last beyond three generations.

time-read
3 mins  |
May 08, 2024