Jupiter sole UK asset manager involved in Adani share sale

1.4% of anchor investors

Kathleen Gallagher
clock • 3 min read

Jupiter Fund Management is the only UK asset manager to participate in Gautam Adani’s $2.5bn share sale, which has fallen under scrutiny after a short seller report last week.

Jupiter was part of a group of anchor investors that committed to buying nearly half the shares of Adani Enterprises. Other buyers included Indian companies, offshore funds and global investment banks that bought stock on behalf of clients. The share sale was fully subscribed on Tuesday (31 January). It followed a report from Hidenburg Research that accused Adani of improper use of offshore tax havens and concerns about high debt, which Adani denied. Jupiter pledged £3.4m, which is 0.16% of the issue and makes up 1.4% of the anchor investors. The company is held in the Jupite...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Emerging markets