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GQG's initial bets in Adani Group soar to $4.3 billion in value

Jains $1.9 billion investment in Gautam Adanis empire has soared 130% to about $4.3 billion in just 10 months, according to Bloomberg calculations. The stock price of Adani Ports and Special Economic Zone Ltd., widely deemed the crown jewel of the group, is the latest to double in Mumbai trading Wednesday since GQG Partners Inc. initially picked up a stake in the firm in March. ....

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Rajiv Jain: Adani Group's $79-billion rally makes a winner of GQG's Rajiv Jain

Jains investment — it came near the trough of the Adani stock meltdown — has been boosted by a rally in this week after the conglomerates green energy unit secured a $1.4 billion loan and a Bloomberg News report said US government found shortseller Hindenburg Researchs allegations irrelevant while advancing a $553 loan for Adani Ports and Special Economic Zone Ltd.s Sri Lanka project. ....

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