Salem Radio Network News Friday, March 24, 2023


GQG Partners founder Jain to meet Australian investors after $1.9 billion Adani investment

SYDNEY (Reuters) – GQG Partners Inc founder Rajiv Jain will meet clients and investors in Australia this week, the company said in a statement on Tuesday, and will explain its investment into embattled Indian Adani group.

GQG Partners bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller’s critical report sparked a stock rout.

(Reporting by Praveen Menon and Scott Murdoch in Sydney; Editing by Muralikumar Anantharaman)


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