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
Adani Group, Google Announce Tie-Up To Supply Clean Energy In India 3 Adani Group Firms Join World Economic Forum Initiative On Decarbonisation Adani Total Gas Gets $375 Million Financing To Expand Distribution Network "Collected Bodies For 3 Days": 600 Massacred Within Hours In This Country "Hit Iran's Nuclear Sites First": Donald Trump's Advice To Israel Amethi Murders Could Be Result Of Relationship Gone Sour: Cops Minor Kidnapped And Murdered In Bengal, BJP Claims She Was Raped Nitish Kumar's Party Leader Puts Up Posters Demanding Bharat Ratna For Him Haryana LIVE: 22.7% Turnout Till 11 am, ML Khattar, Vinesh Phogat Cast Vote Track Latest News Live on NDTV.com and get news updates from India and around the world.