Adani investor GQG's shares plunge over 15% after UBS downgrades stock, cuts target price
UBS also cut its target price on the firm from AU$3.30 to AU$2.30, and this marks the Swiss bank's first ever downgrade of the stock since its listing.
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 after Gautam Adani, the conglomerate's chair, was indicted in the U.S. over charges of bribery and fraud.
GQG Launches Buyback After Stock Tumbles on Adani Probe
One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.
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.
Adani Green’s woes weigh on GQG Partners’ share price after UBS downgrades fund’s stock
GQG Partners shares drop after UBS downgrade due to Adani Group ties, while Adani Green Energy faces uncertain future.
GQG Partners Sees 13% Stock Price Drop Following Analyst Downgrade Amid Adani Group Concerns
GQG Partners experiences a 13% drop in stock value post-analyst downgrade, highlighting risks in investing in conglomerates like Adani Group.
Shares in major Adani investor GQG plunge after analyst note on outflows
GQG is a major backer of Adani Group companies, whose founder Gautam Adani and seven other company associates have been indicted by U.S authorities on bribery charges. Adani Group says the ...
Major Adani Investor GQG Shares Fall 13% After Analyst Downgrade
GQG is a major backer of Adani Group companies, whose founder Gautam Adani and seven other company associates have been indicted by U.S authorities on bribery charges. Adani Group says the ...
The Telegraph15h
Adani scandal fallout: Rajiv Jain’s GQG Partners faces client exodus over huge investment bet
Gautam Adani, has widened with investors yanking hundreds of millions of dollars from the Florida-based money manager GQG ...
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 ...
capitalbrief17h
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 ...