India’s embattled industrialist Gautam Adani received a much-needed vote of confidence from a well-respected U.S. asset manager ahead of a crucial bond roadshow that’s underway.
Rajiv Jain is the co-founder and CIO of GQG Partners, which has $92 billion of assets under management, and is best known for investing in stable growing companies in the tobacco and energy sectors. Jain is now betting on Adani with a $1.9 billion investment across four of his conglomerate’s publicly listed stocks.
https://www.cnbc.com/2023/03/06/raj...vote-of-confidence-from-us-asset-manager.html
If the other major asset managers do not follow suit, then Adani is in deep shit.
Rajiv Jain is the co-founder and CIO of GQG Partners, which has $92 billion of assets under management, and is best known for investing in stable growing companies in the tobacco and energy sectors. Jain is now betting on Adani with a $1.9 billion investment across four of his conglomerate’s publicly listed stocks.
https://www.cnbc.com/2023/03/06/raj...vote-of-confidence-from-us-asset-manager.html
If the other major asset managers do not follow suit, then Adani is in deep shit.
