GQG Invests Rs 15,446 Crore in Adani Stocks

Current Context: GQG invested Rs 15,446 crore in the four Adani stocks. In year 2023, FPIs have sold equities worth of Rs 26,913 crore. Foreign investors have invested Rs 7,200 crore into the Indian equities till now. This is mainly driven by the US-based GQG Partners investment in the Adani Group.

• After the collapse of Silicon Valley Bank and Signature Bank, the stress in the US markets has appeared. Foreign investors have invested Rs 7,200 crore into the Indian equities till now.
• Global equity markets witnessed a sharp recovery but the European and US banks were under focus and in fragile state.
• In 2023, FPIs have sold equities to the tune of Rs 26,913 crore. US Federal Reserve increased the Fund rates by 25 basis points. FPIs flow will remain volatile under the central bank monetary policy.
• Until March 25, foreign portfolio investors (FPIs) invested Rs 7,233 crore in Indian equities.
• FPI outflow worth of Rs 5,294 crore is estimated in February and Rs 28,852 crore in January. FPIs invested an amount of Rs 11,119 crore in December.

Question:

Q.1 GQG invested Rs 15,446 crore in the _______Adani stocks.
a. 8
b. 5
c. 4
d. 1