Adani Group: Profit of 3,100 crores in two days … Rajiv Jain became rich by betting on Adani Group – rajiv jain led gqg partners made 3,100 crore profit in just two days
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On January 24, US-based short selling firm Hindenburg Research issued a negative report on Adani Group. Due to this, there was a huge fall in the shares of the group for about a month. On Thursday, GQG Partners bought shares of four Adani Group companies. In these, the group bought shares in Adani Enterprises, Adani Ports and Special Economic Zone, Adani Green Energy and Adani Transmission. GQG Partners says that there is immense potential for growth in these companies in the long term.
how much profit
Jain had bought shares of Adani Enterprises at Rs 1,410.86. The stock price has gained 33 per cent in two days. Jain has gained Rs 1,813 crore in this stock. GQG Partners bought Adani Ports at Rs 596.2, Adani Green Energy at Rs 504.6 and Adani Transmission at Rs 668.4. These shares closed at Rs 684.35, Rs 562.00 and Rs 743.75 on Friday. However, shares of Australia-listed GQG Partners closed down three per cent on Friday.
GQG Partners was founded in June 2016 by Rajeev Jain. He is also the chairman and CIO of this company. GQG Partners is the world’s leading global and emerging markets investors firm. As of January 31, 2023, the company manages client assets of over $92 billion. The company is headquartered in Florida, USA. It has offices in New York, London, Seattle and Sydney. The company is listed on the Securities Exchange of Australia. Its majority stake is held by its employees. It brought the biggest IPO in Australia in 2021. The company raised $1.187 billion through this and was listed with a market cap of $5.91 billion.
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