GQG Raises Stake In Adani Group Firms Despite Market Turbulence

The Rajiv Jain-led GQG Partners added to their bet in four Adani Group companies at the end of fiscal year 2025, despite the market turbulence triggered by global headwinds.

GQG Partners increased their stake in Adani Green Energy Ltd. by 28 basis points during the quarter ended March 2025, and by 17 bps in Adani Enterprises Ltd.

They also added to their holdings in Adani Energy Solutions Ltd. by 13 bps and marginally in Adani Power Ltd. by 2 bps.

GQG's largest bet remains in Adani Energy Solutions with their stake at 5.23%, followed by Adani Power at 5.1%.

The increase in stake was seen in a quarter marked by turbulent market conditions and global headwinds such as concerns over implementation of reciprocal tariffs by the US, and continued outflows made by foreign institutional investors from India.

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