Reported 2 days ago
Shares of GQG Partners fell 13% after UBS downgraded the stock, citing a potential loss of A$600 million in funds under management following the indictment of Adani Group executives on bribery charges. Adani Group rejects the allegations, while GQG may face declining fund inflows. In contrast, shares of Adani Green Energy rose nearly 9.4%, recovering losses amid the controversy.
Source: YAHOO