Expressing amusement over the constant speculation of his firm's involvement in all major block deals happening in India, Rajiv Jain, a Star Investor said that GQG had no participation in Vedanta’s block deal.

Accounting to About 2.6% , Vedanta's total equity or 9.4 crore shares in large trades valued at over ₹2,600 crore. There was a change of hands earlier this February. Furthermore, triggering rumors that GQG was one of the buyers, promoter entity Finsider International divested 1.8% in that transaction worth ₹1,737 crore. Having said that, Jain denied this in an interview to CNBC-TV 18 on Wednesday.

Rajiv said that there's no point denying every deal, there's a deal every week. GQG didn't buy a single Vedanta share. He further stated that the country's earnings growth has been the best among Emerging Markets over the last five years and that this growth does not get its proper due.

He further added that there are very few large Emerging Markets with India's growth profile. On PSU stocks, Jain said they were an attractive investment due to improved management and strong long-term growth prospects.

Also, the BSE PSU index has surged over 21 percent. There is a mere 1 percent rise in the benchmark Sensex. Furthermore, when they were being hammered post Hindenburg, when they were being hammered post Hindenburg surprised the market by picking stakes in Adani group of companies, while regretting not buying shares of state-run Life Insurance Corporation (LIC) in early 2023 due to limited liquidity. "We would have loved to buy LIC early last year, but we could not find any blocks," he told CNBC-TV18.

In early March amid devastation triggered by the Hindenburg report, GQG Partners who manages global and emerging market equities for institutions, advisors, and individuals worldwide hit the headlines last year when it invested over Rs 15,000 crore in Adani stocks