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Shares in major Adani investor GQG plunge
Shares in major Adani investor GQG plunge after analyst note on outflows
By Scott Murdoch SYDNEY (Reuters) -Shares of Australian-listed GQG Partners tumbled 13% on Monday after UBS downgraded the stock and said the firm may have lost A$600 million ($390 million) in funds under management in the two days following the indictment of Adani Group executives.
Investors pull $1.5b from GQG amid Adani allegations
The Adani bribery charges have sparked a “snap change” in client flows for the fund manager and research analysts are cutting their price targets.
GQG Plans Buyback After Stock Slumped on Adani Investments
Rajiv Jain’s GQG Partners Inc., one of the biggest investors in units of Adani Group, said it will buy back its own shares after they plunged on concern over the money manager’s exposure to the embattled Indian conglomerate.
1d
Adani scandal fallout: Rajiv Jain’s GQG Partners faces client exodus over huge investment bet
The fallout from the US Department of Justice bribery charges against the Adani Group and its chairman, Gautam Adani, has ...
15d
GQG Partners' stock plunges over 20% on US bribe, fraud charges against India's Adani
GQG Partners , which has a near 20% stake in India's Adani Group, saw its Australia-listed shares plunge 23% on Thursday ...
10d
GQG Partners Refuses to Sell Adani Stocks Despite Bribery Scandal and 26% Loss
GQG Partners faces a 26% loss in Adani stocks amid bribery allegations, prompting a potential portfolio review while refusing ...
capitalbrief
2d
GQG shares gain as Morgans downplays impact of Adani exposure
Shares in GQG Partners climbed on the ASX after Morgans upgraded its rating on the fund manager from 'hold' to 'add' and ...
devdiscourse
10d
GQG Partners' Steadfast Support Amid Adani Controversy
Boutique investment firm GQG Partners has expressed confidence in the Adani group despite recent bribery allegations against ...
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