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GQG Shares Fall 13% After Analyst Downgrade Following Adani Group Indictment: On Monday, the Australian-listed asset firm GQG Partners shares fell by 13% as UBS analysts cut them due to its future dealings with Adani Group companies. UBS said it expected GQG could have lost about A$600 million ($390 million) in funds under management after…
Japanese Banks Stand Firm with Adani Amid Scrutiny from Western Lenders: Despite facing US corruption charges, Gautam Adani’s corporation retains strong backing from Japanese banks, while Western lenders like Barclays and Jefferies review their ties. Sumitomo Mitsui Financial Group (SMBC), Mizuho Financial Group, and Mitsubishi UFJ Financial Group (MUFG) trust Adani’s long-term feasibility and are…
Retail Investors Best Adani Stocks Ahead of US Bribery Allegations: India’s retail investors increased their stakes in Adani Group companies in the months before US authorities charged founder Gautam Adani with bribery, even as institutional investors reduced their exposure. According to Bloomberg data, retail holdings rose across eight of the group’s ten listed firms between…
