The promoters of the Adani Group on Thursday sold shares worth Rs 15,446 crore to GQG Partners, a US-based global equity-investment company. While making the announcement, Rajiv Jain, chairman and chief investment officer (CIO) at GQG, said that the long-term prospects of the Adani Group companies are substantial.
"We believe that the long-term growth prospects for these companies are substantial, and we are pleased to be investing in companies that will help advance India's economy and energy infrastructure, including their energy transition over the long run," he said.
GQG is one of the world's leading market investors; as of January,