This is the first major investment in the Adani Group since Hindenburg Research’s report on the Indian conglomerate wiped out some $135 billion from its listed companies’ market value.
investigate the groupThe group has been trying reassure investors with road shows and calls with bondholders. According to sources, Adani has told creditors it has secured a $3-billion loan from a sovereign wealth fund.
“We believe that the long-term growth prospects for these companies are substantial,” said Rajiv Jain, GQC’s chairman and chief investment officer. “This transaction marks the continued confidence of global investors in the governance, management practices, and the growth of Adani portfolio of companies,” said Adani Group chief financial officer Jugeshinder Singh.
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