Major Adani investor GQG Partners shares fall 13% after UBS downgrade, facing potential loss.

From Investing.com: 2024-12-01 20:51:43

Shares of Australian-listed GQG Partners dropped 13% after UBS downgraded the stock, estimating a potential loss of A$600 million in funds due to the Adani Group indictment. Adani Group, backed by GQG, faces bribery charges in the U.S, which they deny. UBS downgraded GQG to neutral with a reduced price target. ($1 = 1.5392 AUD)



Read more at Investing.com: Major Adani investor GQG shares fall 13% after analyst downgrade By Reuters