This fall is set to be the largest one day fall since the firm’s listing on Oct. 2021, should the losses hold.
GQG Partners' shares fell as much as 25% on Thursday after Adani Group chair Gautam Adani was charged in New York.Rajiv Jain, chairman and chief investment officer at GQG Partners, told CNBC in January this year that his profits on Adani stood at about $4 billion, but he was likely done investing in the group.
The investment firm also pointed out that its portfolios have"diversified investments," saying that over 90% of clients assets are invested in issuers unrelated to the Adani Group. Rajiv Jain, chairman and chief investment officer at GQG Partners, told CNBC in January this year that his profits on Adani stood at about $4 billion, but he was likely done investing in the group.
Hindenburg had charged Adani Group of"brazen stock manipulation and accounting fraud scheme over the course of decades," sending shares plunging by more than 54% in the first quarter of 2023.
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