GQG Partners injects $1.9bn in Adani Portfolio companies

American equity investment boutique GQG Partners has completed a secondary equity transaction worth INR 15,446 crores ($1.87 billion) with the Adani Portfolio companies.

The companies that secured the investment include Adani Ports and Special Economic Zone, Adani Green Energy, Adani Transmission, and Adani Enterprises.

According to Adani Enterprises, the investment makes GQG Partners an important investor in the development and growth of critical infrastructure in India.

Rajiv Jain — GQG Partners Chairman and CIO said: “I am excited to have initiated positions in the Adani companies. Adani companies own and operate some of the largest and most important infrastructure assets throughout India and around the world.

“Gautam Adani is widely regarded as among the best entrepreneurs of his generation. We believe that the long-term growth prospects for these companies are substantial, and we are pleased to be investing in companies that will help advance India’s economy and energy infrastructure, including their energy transition over the long-run.”

Jefferies India was the sole broker for the secondary equity transaction.

Jugeshinder Singh — Adani Group CFO said: “We are delighted to complete this landmark transaction with GQG. We value GQG’s role as a strategic investor in our infrastructure and utility portfolio of sustainable energy, logistics and Energy Transition.

“This transaction marks the continued confidence of global investors in the governance, management practices and the growth of Adani Portfolio of companies.”