GQG doubles down on Adani, raises stakes in 5 stocks as US bribery shadow fades

Rajiv Jain-led GQG Partners has significantly increased its stake in five Adani Group companies, signaling strong confidence despite a past US bribery scandal. This aggressive accumulation occurred during the March quarter, even as Adani stocks faced challenges from Trump's tariffs. The comeback coincides with easing concerns over the bribery allegations and rising domestic investor interest.