The Adani Group is "well-positioned for the future" as the "fundamentals" of the companies remain sound, underscored top investment firm GQG Partners, backing the group amid the US federal indictment. "We recognize the distinction of the allegations of the individuals vs the companies. We believe the fundamentals of the companies we are invested in remain sound. As we do with other holdings, our team continues to do research and reassess the sit…

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"Well-Positioned For Future": Top Investment Firm GQG Backs Adani Group

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Adani Group companies are well-positioned for the future, managing critical infrastructure in one of the world’s fastest-growing economies, GQG Partners said in a statement, as it maintained confidence in the companies' fundamentals, with no changes in its investment outlook at present.The investment firm added that the Adani Group entities operate under government regulation, with many relying on long-term contractual revenues. GQG Partners fur…

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GQG Backs Adani Group —'Strong Fundamentals... Well Positioned For Future'

By Scott Murdoch and Tom Westbrook (Reuters) -Gautam Adani’s conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, with some banks considering halting fresh credit to the Indian group due to an alleged $265 million bribery scheme. Some global banks are considering temporarily halting fresh credit to […]

Global Banking & Finance Review

Adani Group Faces Funding Woes Amidst US Legal Challenges

2024-11-25 18:41:56 :  
MUMBAI & BENGALURU: France’s TotalEnergies SE, which owns less than a fifth of Adani Green Energy Ltd, has decided not to invest more in Adani Green Energy Ltd after its top executives were indicted in a $250 million bribery case. Companies invest more money. Another major investor, Florida-based GQG Partners, is cautiously optimistic that it expects the Indian government to support Adani Group.  
Rajiv Jain-led GQG Partn…

Thelocalreport.in

TotalEnergies halts Adani investment; GQG bets on Indian government support amid US bribery charges

Adani Group is currently embroiled in a controversy involving its Australian coal mining unit, Bravus Mining and Resources.The post Adani Group faces human rights complaint in Australian coal unit appeared first on Mining Technology.

"Well-Positioned For Future": Top Investment Firm GQG Backs Adani Group

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