GQG Partners shares rebound over 15% after slump following US bribery charges against Adani
NRI 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,…
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NRI Rajiv Jain’s GQG to pay $500,000 penalty to settle US SEC charges
US-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 SECβs order finds that GQG violated whistleblower…
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Adani bull GQG hikes stake in GMR Airports to over 5%
US-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…
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