{
GQG Partners

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}
GQG Partners initiates share buyback after stock drop linked to Adani charges
GQG Partners initiated a share buyback on November 22, following a 19% drop in its stock due to bribery charges against Adani Group chairman Gautam Adani. The firm plans to purchase up to AUD$100 million in CHESS Depository Instruments, citing significant market volatility and an undervalued stock price. GQG maintains a strong balance sheet, allowing for this capital management initiative, with the number of shares to be bought dependent on market conditions.
Moneycontrol
Australian Dollar GQG Partners AUS Gautam Adani
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08:47 22.11.2024
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