GQG Partners' investments in Adani stocks surge 172% to $11.6 billion

Mumbai: GQG Partners' investment in Adani group stocks over the last year has surged nearly 172%, with half of the group stocks erasing all losses incurred since the US-based short-seller Hindenburg's adverse report on the group.

The US-headquartered boutique investment firm invested ₹38,500 crore ($4.6 billion) in six Adani group stocks between March and October last year. As of Friday, the value of this investment stood at ₹96,431 crore ($11.62 billion).

GQG Partners made its first investment in March, acquiring stakes worth $1.87 billion ( ₹15,446 crore) in four stocks - Adani Ports, Adani Green Energy, Adani Transmission, and flagship Adani Enterprises - in secondary share sales.


Later in June, GQG Partners invested around ₹11,350 crore in Adani Enterprises, Adani Green, and Adani Energy. In August, GQG invested ₹8,700 crore ($1.1 billion) in Adani Power.