who is rajiv jain, ‘American friend’ had given support to Adani in crisis, now lottery increased and investment – rajiv jain gqg invest 500 million dollar more into adani group

Investment in Adani’s companies

Rajeev Jain knew that he was investing in the right places. As soon as the prices of Adani’s shares fell due to Hindenburg’s report, he invested in it. Later the investment was increased to Rs 23129 crore. Now he has again increased the investment in Adani’s companies. Rajeev Jain’s investment firm GQG Partners has picked up 10 per cent stake, doubling its investment in Adani group companies. He has prepared his complete 5-year plan regarding Adani Group. With this move of Rajiv Jain, new life has come in the Adani group. Seeing the trust of big investors, the trust of small investors has also increased.

Increasing investments in Adani Group

GQG Partners had invested $1.87 billion in four Adani Group companies in the first week of March. Within a few months, Rajeev Jain’s GQG Partners company has increased its investment in the Adani group to 10 per cent. Although the biggest reason behind this was their profit. Within 100 days, his investment of Rs 15,000 crore in Adani’s companies became Rs 23,000 crore. That is, in 100 days, he earned a profit of about 8 thousand crores. After seeing the profits, he wants to become the largest investor on the basis of valuation base by increasing investment in Adani companies in the next five years. That’s why they are gradually increasing their investment in Adani’s shares.

However, not only Rajeev Jain has benefited, but Adani has also benefited. The investment from GQG acted as a lifeline in these difficult times. After this investment, there was a tremendous increase in the shares of Adani Group. Significantly, after the Hindenburg report came, the shares of Adani Group had fallen by more than 70 percent. The company’s market cap had fallen to $150 billion.

Who is Rajeev Jain?

Rajeev Jain is the co-founder of investing firm GQG Partners. His company is only seven years old. GQG Company invests in the stock market. Rajeev Jain himself is of Indian descent. Born in India, Rajeev Jain did his MBA from Miami University in 1990. Studied in America. Took over the position of CEO of a Swiss firm in the year 2002. In the year 2016, he started GQG Partners.