Adani could deliver 'multibagger' returns, an investor who bet $2 billion on the troubled business empire says
The Indian conglomerate has repeatedly dismissed Hindenburg's report, saying it includes"Jain agreed with those denials and is betting that Adani's coal-mining assets, data centers, and majority stake in Mumbai's international airport will deliver returns for GQG.
"If you peel the onion a little bit further, we didn't find any signs of fraud or anything like that," Jain told"If you look at the longer-term opportunities that these companies have, it's tremendous," he added."These are very well run assets, unique assets, monopolistic assets." "And obviously, there was a little bit of crisis and we believe that that creates a massive, longer-term headroom for these businesses and opportunity for us."
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