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GQG tips $2.8b into Adani stocks

Jonathan Shapiro

Rajiv Jain, the founder of $130 billion ASX listed global equity fund GQG that has tipped $US1.9 billion ($2.82 billion) into four listed Adani Group companies, says the fallout from an activist short seller report has allowed him to snap up “fantastic assets” at an attractive price.

Mr Jain spoke to The Australian Financial Review hours after the investment in the Adani companies was revealed and said he was confident that the investment would prove a sound trade.

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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/gqg-tips-us1-9b-into-adani-stocks-20230303-p5cp3k