Adani Green Energy shares surged 9% to Rs 1,445, recovering all losses since the U.S. indictment on November 21. This sharp rebound follows allegations against the group’s billionaire founder, Gautam Adani, over an alleged $265 million bribery scheme. The recovery in stock value came after the company issued a clarification denying the bribery accusations against…
READ MORENRI investor Rajiv Jain-led GQG Partners, which is listed on Australia’s ASX, rebounded strongly on Friday, jumping as much as 15.5% to an intraday high of AUD 2.46. This recovery comes a day after the stock fell 19.3% following bribery charges filed in the U.S. against Gautam Adani and other Adani Group executives. On Thursday,…
READ MOREShares of Adani Power today jumped 3.5% in an early trade to their day’s high of Rs 606.70 on the BSE after the company announced that its board will consider raising funds worth Rs 5,000 crore via non-convertible debentures (NCDs) at its upcoming board meeting. “We would like to inform you that the meeting of…
READ MOREUS-based NRI investor Rajiv Jain-led GQG Partners, best known in India for investing in Adani stocks, has been charged by the US Securities and Exchange Commission (SEC) for allegedly violating whistleblower protection rules. The boutique investment firm has agreed to settle charges by paying a $500,000 penalty. “The SEC’s order finds that GQG violated whistleblower…
READ MOREUS-based boutique investment firm GQG Partners, best known on Dalal Street as an Adani bull, has increased the stake in GMR Airports Infra from 4.74% to 5.17% last week. “Now, on August 23, 2024, the Acquirer and PACs (persons acting in concert) acquired further shares of the Company, resulting in their shareholding crossing 5% of…
READ MOREBillionaire Gautam Adani-led conglomerate on Friday sold around 2.8% stake in Adani Group firm Ambuja Cements in a pre-market block deal valued at around Rs 4,200 crore. The cement stock, which is up about 22% so far in the year, jumped 4% to the day’s high of Rs 659.70 in the opening session following the…
READ MOREIn the election-heavy June quarter, NRI investor Rajiv Jain-led GQG Partners raised stakes in 3 Adani stocks – Adani Energy, Adani Enterprises and Adani Ports – and its biggest India bet ITC. The institutional investor, on the other hand, was seen paring stakes in IDFC First Bank and Patanjali Foods in Q1 of FY24. Adani…
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