US investment firm GQG Partners buy $1.87b shares in India's Adani group firms

US investment firm GQG Partners buy $1.87b shares in India's Adani group firms

FILE PHOTO: Traffic moves past the logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad, India, Feb. 2, 2023. REUTERS/Amit Dave

US boutique investment firm GQG Partners has bought shares worth $1.87 billion in India’s Adani group companies, the conglomerate said on Thursday, marking the first major investment in the group since a short-seller’s critical report sparked a stock rout.

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