Adani Capital, as part of the Adani Group, is an NBFC (Non-Banking Financial Company) that places emphasis on promoting MSME (Micro, Small, and Medium Enterprises) growth and rural development. To further enhance its growth initiatives, the company has formulated a plan to raise ₹1,500 crores from strategic and private equity investors. This capital infusion will enable Adani Capital to strengthen its financial capabilities and expand its operations in supporting the MSME sector and rural communities. The move aligns with the Adani Group’s vision of fostering inclusive and sustainable economic development across various industries.
GQG’s Rajiv Jain raises stake by 10%
In a recent interview with Bloomberg, Rajiv Jain, Chairman and Chief Investment Officer of GQG Partners, stated that the US boutique investment firm has raised its stake in the Adani Group by 10 percent. As a result, GQG’s total holdings in the conglomerate now amount to $3.5 billion. Jain, a veteran investor, expressed his optimism about the future prospects of the Adani Group and its infrastructure assets in India. He further mentioned that GQG will actively participate in the conglomerate’s future fundraising activities.