Adani could deliver 'multibagger' returns, an investor who bet $2 billion on the troubled business empire says

Wed, 04/05/2023 - 06:42

Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023. — Gautam Adani's companies could deliver 100% returns over the next five years, GQG Partners CIO Rajiv Jain said Monday.
Indranil Mukherjee/Getty Images

Rajiv Jain made a big bet on Gautam Adani's business empire last month.
He told Bloomberg Monday that he believes his $1.9 billion investment could deliver 100% returns over the next five years.
Adani Group has suffered a stock-market rout after short-seller Hindenburg released a bombshell report.

Investing in Gautam Adani's companies could generate massive returns over the next five years, according to an emerging markets specialist who made a big bet on the Indian tycoon's troubled business empire last month.