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Bloomberg Quint

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Image Credit: Bloomberg Quint

GQG Partners, LIC Raise Stake In Adani Group Firms Despite Market Turbulence

  • The Rajiv Jain-led GQG Partners increased their stake in four Adani Group companies.
  • The increase in stake was seen in a quarter marked by turbulent market conditions and global headwinds.
  • GQG's largest bet remains in Adani Energy Solutions with their stake at 5.23%, followed by Adani Power at 5.1%.
  • Life Insurance Corporation of India (LIC) also increased its stake in the Adani Group companies.

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