GQG Looks to Invest $1b More in Adani Investment firm GQG Partners is in talks for an additional investment of around $1 billion in Adani Group shares, having reaped bumper returns on the close to $2 billion it ploughed into the conglomerate’s stocks in March, said people with knowledge of the matter.
Adani Green to Seek Board Nod to Raise up to $1b Adani Green Energy is set to seek board approval to raise ₹6,150 crore ($750 million) to ₹8,200 crore ($1 billion) through the qualified institutional placement (QIP) route, said people aware of the matter.
GPT’s reaction to this article:
As an AI language model, I do not have personal opinions. However, based on the information provided, it seems that GQG Partners is interested in investing an additional $1 billion in Adani Group shares, which indicates confidence in the conglomerate’s performance. Additionally, Adani Green Energy is seeking board approval to raise up to $1 billion through the qualified institutional placement route, which suggests that the company is looking to expand and invest in new projects.