GQG Partners, a firm backed by Rajiv Jain, has experienced a substantial gain of 84% on its investment of Rs 20,360 crore in diverse Adani Group companies. BQ Prime calculations reveal that the portfolio value of GQG Partners in Adani Group companies has surged to Rs 37,459 crore as of December 5, considering the closing prices of shares.
The firm, overseeing a portfolio exceeding $105 billion, holds interests in key Adani Group entities. These include Adani Enterprises Ltd., Adani Ports and Special Economic Zone Ltd., Adani Green Energy Ltd., Adani Energy Solutions Ltd., Ambuja Cements Ltd., and Adani Power Ltd.
Shareholding as on Sept, 2023
| Company Name | GQG Stake | Market Price as on Dec,5 (₹) | Market Value as on Dec,5 (₹ Crore) | Cost of Acquisition (₹ Crore) | Profit (₹ Crore) |
| Adani Enterprises | 2.74% | 2,960 | 9258.4 | 4,404 | 4854 |
| Adani Ports and SEZ | 3.53% | 1,012 | 7714.6 | 4,545 | 3169 |
| Adani Green Energy | 3.55% | 1,348 | 7580.1 | 3,222 | 4358 |
| Adani Energy Solutions | 2.49% | 1,083 | 3006.8 | 2,024 | 982 |
| Ambuja Cements | 1.80% | 426 | 1523.6 | 1,821 | (298) |
| Adani Power | 4.03% | 539 | 8375.4 | 4,341 | 4034 |
GQG Partners has expressed confidence in the Adani Group’s effective execution capabilities within its core infrastructure sector, as conveyed by Rajiv Jain in an interview with BQ Prime earlier this year.
Jain highlighted his investment in a conglomerate led by an entrepreneur renowned for exceptional execution. Following a report that the U.S. provided financing to Adani Group’s port terminal in Sri Lanka and dismissed allegations by Hindenburg Research, Adani Group stocks experienced a surge on Tuesday.
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