At the end of September 2023, GQG owned a 3.25% stake in Baba Ramdev’s Patanjali Foods through two of his funds, shareholding pattern data shows. In the case of JSW Energy, the multi-billion dollar fund owned 1.38% stake, 1.11% stake in IDFC First Bank and 1.28% in Adani Power. The Adani Group stock has more than doubled in FY24.
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