Rajiv Jain is the co-founder and CIO of GQG Partners and is best known for investing in stable growing companies in the tobacco and energy sectors.
"After doing our due diligence, we talked to some of the bankers we talked to some of their partners and actually, it's kind of remarkable how consistent the feedback was."
Jain's investment announced Thursday provides some level of relief. Shares of Adani Enterprises and Adani Ports are up 66% and 23% over the past seven days, respectively. When asked about India's Supreme Court ordering an investigation into Adani's business, Jain said the regulatory risk was "low." "Business regulation tends to be a risk … nothing is a zero probability, but I think it's a low enough probability for us to invest."
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