Australia-listed GQG slide on US fraud charges against India's Adani Group executives

GQG Partners

21/11/2024 03:17

(Update share move)
    ** Australia-listed shares of GQG Partners  GQG.AX  slide
16% to A$2.22, set for their worst session ever
    ** Gautam Adani, the billionaire chair of India's Adani
Group, was indicted in New York over his role in an alleged
multibillion-dollar bribery and fraud scheme
    ** GQG owns a combined stake of 19.37% in Adani Enterprises
 ADEL.NS , Adani Power  ADAN.NS , Adani Green Energy  ADNA.NS 
and Adani Energy Solutions  ADAI.NS  - according to LSEG
    ** GQG says is monitoring the charges
    ** Adani Group did not immediately respond to requests for
comment

 (Reporting by Namrata Verma in Bengaluru)
 ((mailto:Namrata.Verma@thomsonreuters.com;))