“Within five years, we would like to be one of the largest investors in Adani Group depending on the valuation, after the family,” Jain was quoted as saying in a Bloomberg report which said the value of GQG’s Adani holdings was close to $3.5 billion.
“We would certainly want to be partners in any of Adani Group’s new offerings,” Jain said without specifying which companies he bought additional stake.
QGQ is said to have been buying Adani stocks in the last few days and is also keen to participate in the fundraising plan of the Ahmedabad-based apples-to-airport conglomerate.
Earlier in the month, Adani Enterprises and Adani Transmission had announced that they would raise funds totalling Rs 21,000 crore through the qualified institutional placement…
