US boutique investment firm GQG Partners has invested Rs 15,446 crore in four Adani Group companies Adani Ports and Special Economic Zone, Adani Green Energy, Adani Enterprises Ltd and Adani Transmission at a time when the conglomerate is in its deepest crisis ever. After Hindenburg’s damning report on the group, its listed companies saw a massive erosion of m-cap. Rajiv Jain, Chairman of GQG Partners said in an interview that they didn’t pick and choose. He also said that not only Adani, the firm bought into Infosys when it was reeling under whistleblower allegations, as well as Brazilian state-backed firm Petrobras that’s been under a lot of scrutiny.
In an interview to The Economic Times, Jain said that they thought a secondary offering was better than a primary offering.