How Gautam Adani's white knight has gone long on India
NRI Rajiv Jain's GQG Partners bought 49 million shares of Bharti Airtel at Rs 1,193.70 from Singtel. Jain had invested over Rs 15,000 crore in Adani stocks last year and also holds stocks in ITC, Patanjali Foods, IDFC First Bank, JSW Energy, Macrotech Developers, Max Healthcare, GMR Airports, Reliance Industries Ltd., and Infosys Ltd. GQG Partners saw the value of its India portfolio more than double in little over a year, driven by winning stock picks that go beyond its headline-grabbing investments in the Adani Group.
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