GQG Partners Inc's Australian-listed shares fell by as much as 3% on Friday after the international investment firm pumped $1.87 billion into four companies under embattled Indian conglomerate Adani Group.
GQG's Chairman and Chief Investment Officer Rajiv Jain told Reuters the Australian-listed firm had carried out its own "deep dive" into Adani and disagreed with Hindengurg's report.
"He does not explicitly run an ESG fund, and importantly, his investors are well aware of that," he said in reference to GQG buying into Adani which has major coal assets. ESG stands for environmental, social and governance.
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