A big buyer of Nvidia Corp's shares in the first quarter, Australia-listed investment firm GQG Partners, said it has continued to increase its exposure to the company since then and intends to buy more stocks of India's conglomerate Adani.
Fort Lauderdale, Florida-based GQG, which manages almost $100 billion in assets, added 8.2 million shares in Nvidia in the first quarter, worth $2.3 billion then, according to a regulatory filing. Since then, Chief Investment Officer Rajiv Jain said in an interview that GQG has "meaningfully increased" its position in Nvidia. The CIO declined to disclose the amount it further invested.
Jain also said the asset manager is considering raising its exposure to Adani by participating in capital increases the group announced in May.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)
Featured Video Of The Day
Canada Rolls Back Extra Screening For Fliers To India Days After Announcing It
'No Power Deals With Adani Group': BJD, DMK Reject US Charge Adani Stocks Recover As Group Firmly Denies US Government Department Report "Violation Of Sovereignty, Abuse Of Power": Kanwal Sibal On US Report On Adani Group "Thousand Times Better...": Delhi Lt Governor's Surprise For AAP's Atishi "World War 3 Has Begun": Ukraine Ex-Military Commander Amid Russia Conflict "Violation Of Sovereignty, Abuse Of Power": Kanwal Sibal On US Report On Adani Group China Secretly Placing Hackers To Cripple Critical US Infra: Top Official Satellite Imagery Exposes Russia Smuggling Illicit Oil To North Korea PM Attended 31 Bilateral Meetings During His 5 Days Of 3-Country Tour Track Latest News Live on NDTV.com and get news updates from India and around the world.