GQG Partners suffers huge losses due to fall in Adani shares
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market capitalization fell
Thus, on last Friday, there was a decline of about Rs 55,000 crore in the total market capitalization of Adani Group. For the first time in the last 4 months, there has been such a huge decline in the total market capitalization of this group. The fall in Adani’s shares has also affected its investors. Investors have suffered huge losses.
big loss
America’s boutique investment firm GQG Partners has seen a decline in profits after Adani Group shares fell heavily on Friday. GQG Partners was making a total profit of Rs 11,474 crore from its investment in Adani Group till the month of May. This is a return of about 74% compared to the amount invested in March, but after the fall in Adani Group’s shares on Friday, this amount is only Rs 7,014 crore. There has been a decrease of 30 percent in this.
Share it like this! Those who invested ₹ 1 lakh in a stock of ₹ 5 got the whole ₹ 14 crore, investors broke down to buy
made a big investment
In March, Rajiv Jain’s GQG Partners invested $1.87 billion in Adani Group. Within a few months, Rajeev Jain’s GQG Partners company increased its investment in the Adani group to 10 per cent. Within just 100 days, his investment of Rs 15,000 crore in Adani’s companies had become Rs 23,000 crore. He had earned a profit of about 8 thousand crores.
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