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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.
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.
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.
The Telegraph
16h
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 ...
13d
on MSN
Adani investor GQG Partners' shares crash 25% — on pace for record loss after Gautam Adani's indictment
This fall is set to be the largest one day fall since the firm’s listing on Oct. 2021, should the losses hold.
13d
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 ...
9d
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 ...
devdiscourse
9d
GQG Partners' Steadfast Support Amid Adani Controversy
Boutique investment firm GQG Partners has expressed confidence in the Adani group despite recent bribery allegations against ...
cnbctv18
9d
GQG Partners, with a $8.1 bn exposure to Adani Group, does not see material impact on operations
As of November 21, GQG's total exposure in Adani Group stood at $8.1 billion on total assets of $156.7 billion, or 5.2% of ...
Finance News Network
2d
Adani bribery charges spark GQG sell-off: Shares tumble 14%
Shares in GQG Partners (ASX:GQG) tumbled today after UBS downgraded the company from a buy to a neutral and reduced the stock's price target from $3.30 to $2.30.
ET Now on MSN
5d
After GQG, Abu Dhabi's IHC reaffirms support to Gautam Adani-led companies
The IHC's statement came days after boutique investment firm GQG Partners reiterated its confidence in Gautam Adani's ...
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