The market cap of Patanjali Foods stood at ₹48,245 crore. At current valuation, GQG Partners shareholding in Patanjali Foods is worth nearly ₹2,900 crore.
At Adani Enterprises AGM on Tuesday, billionaire Gautam Adani extolled growth prospects for India and his business empire, slamming a damaging US-based short seller Hindenburg Research s attack against his embattled conglomerate earlier this year. The tycoon rattled off ambitious expansion targets across his ports, energy and infrastructure businesses, while sending a clear message to shareholders: ignore the criticism
GQG Partners and other investors have purchased a 5.96% stake in Patanjali Foods through an offer for sale. The stake was acquired through various funds managed by GQG Partners.
Jain has been raising his bet on Indian firms over the past few months. In the past three months, GQG Partner’s total investment in Adani Group firms has gone up to ₹26,445 cr