Backer GQG’s $10-billion Adani bet under threat

GQG Partners, a major investor in Adani Group, is reassessing its investments following founder Gautam Adani’s indictment in a $250-million bribery case. The firm’s shares and depository receipts in Sydney saw a sharp decline, while the group’s market capitalisation also dropped by 16%. GQG Partners is closely monitoring the situation and will make necessary decisions.