The ongoing equity rally in India has been led far more by largecaps, said Rajiv Jain, where valuations appear supportive.
GQG Partners settled without admitting or denying wrongdoing while acknowledging the US SEC's jurisdiction in the case.
Jain expressed cautious optimism about China as an investment opportunity, favoring state-owned enterprises over private sector investments due to increasing concerns
When asked about the long-term growth prospects for hardware and semiconductors, Jain pointed to growth challenges in Europe and Asia, which make semiconductors a particularly promising sector
On May 26, Moneycontrol first reported that the boards of the two companies were planning to approve fundraising plans, collectively worth around $3.5-4 billion.
GQG Partners has invested a total of $4.3 billion in various Adani Group companies.
While GQG has made several investments in India in the past, the decision to invest in the Adani Group marked a turning point. Despite lingering concerns regarding its exit strategy, the fund says it's under no pressure from its investors.
Jain remains optimistic about State Bank of India and NTPC. GQG Partners holds stakes in both companies
The value of GQG Partners’ investments in Adani stood at more than $7 billion at the end of November
On September 4, GQG Partners had bought a 2.6 percent stake in the Mumbai-based private lender in a deal worth Rs 1,527 crore.
Share prices of IDFC First Bank fell as much as 5 percent in early trading, finally recovering to end little changed on September 1.
Patanjali Foods recently completed a sale of a 7 percent stake, resulting in a decrease in the promoter group's ownership in the company to 73.82 percent from 80.82 percent. This transaction ensured compliance with the minimum shareholding requirements
In late June, Rajiv Jain's investment firm, GQG Partners LLC, increased its investment in Adani group companies by purchasing an additional $1 billion worth of shares from the promoter group.
Both directors have been held on complaints of 34 homebuyers who have not got possession of homes they booked in the projects of Nirmal Lifestyle.
The chief investment officer of GQG Partners Inc has grand predictions for his bet on the embattled Indian conglomerate: a return in excess of 100 percent
"Chances are we'll probably buy more because we typically initiate a position and then dpending on how things go and how the earnings come through we tend to get it to full size because we're not at full size at this point," Jain said on a call with journalists.
Jain is confident that the investment would prove to be a sound trade. “About 25 percent of India’s air traffic passes through their (Adani) airports and 25 to 40 percent of India’s cargo volume goes through their ports,” he tells Australian Financial Review
This formula has proven spectacularly successful. In less than seven years, Jain, the former chief investment officer at Vontobel Asset Management, has built GQG into a $92 billion powerhouse. Few, if any, startup funds in recent memory have raised so much money in so little time, according to Morningstar Direct.
A close look at the firm which is now the cynosure of attention in market circles and India Inc thanks to the timely 'confidence capital' offered to the Adani conglomerate.
The group wants to utilise Mumbai, the second-largest airport in the country, as a hub to connect other airports in its portfolio
Asserting that over a period of time investors look for scale, sustainability and maturity in companies, Hiren Ved of Alchemy Capital said that great companies going through difficult times can be the best bets.
Diamonds have lost their sparkle. The Gold and Jewellery Export Promotion Council, or GJEPC, says the 2% customs duty on import of cut and polished diamonds has pushed FY12 imports down 30%, reports CNBC-TV18's Farah Bookwala.