FIIs are the largest non-promoter shareholders in the Indian market and their investment decisions have a huge bearing on the stock prices and overall direction of the market. Source link
MUMBAI – Fitch Ratings on Friday affirmed its “BBB-” rating on Adani Green Energy Restricted Group 2’s $362.5 million senior secured notes, and retained a “stable” outlook. The credit assessment is supported by the company’s solar portfolio and credit metrics. “The restricted group’s financial profile with debt-service coverage ratio (DSCR) of 1.44 times is stronger … Read more
Veteran fund manager Rajiv Jain said his GQG Partners LLC holds about $13 billion in India stocks and plans to buy more, downplaying corporate governance and political risks associated with his headline-generating investments in billionaire Gautam Adani’s beleaguered conglomerate. GQG holds positions in companies, including cigarette and hotel group ITC , the country’s biggest drugmaker … Read more
MSCI Inc will reduce the foreign inclusion factor (FIF) for Adani Total Gas and Adani Transmission during index review exercise later this month, the global index aggregator said in a release late Friday. Free float is defined as the proportion of outstanding shares available to buy or sell in public markets by international investors. MSCI … Read more
US-based boutique investment firm GQG Partners, which has recently invested in battered Adani group companies, raised its stake in FMCG major ITC during the March quarter. GQG Partners, run by NRI investor Rajiv Jain, has increased its holding from 1.29% in the December quarter to 1.44% at the end of March quarter. GQG Partners Emerging … Read more
NEW DELHI: The world over investors have been dumping bank stocks in the wake of the banking turmoil in the US and Europe but foreign institutional investors (FIIs) are singing a different tune when it comes to India. Market data shows that FIIs ended up buying financial stocks worth about Rs 2,800 crore in the … Read more
US-based GQG Partners, which has invested in the crisis-ridden Adani group, has sold its part stake in HDFC Asset Management Company (AMC) through open market transactions on Monday. GQG Partners has sold about 24.7 lakh shares or 1.16% equity in the company for nearly Rs 397 crore. The deal was executed at an average weighted … Read more
India’s foreign exchange reserves rose by $1.5 billion in the week ending March 3, breaking a four-week falling trend. The reserves were at $562.4 billion, Reserve Bank of India data showed. The accretion was largely on account of overseas investment inflows into Adani group of companies. American firm GQG Partners pumped in $1.9 billion into … Read more