In March 2023, GQG invested in five companies of the Adani group, including flagship Adani Enterprises, Adani Ports & SEZ, Adani Green, Adani Energy Solutions, and Ambuja Cements

As of November 21, GQG's total exposure in Adani Group stood at $8.1 billion on total assets of $156.7 billion, or 5.2% of total assets.

All 10 Adani Group stocks opened in the red during early trading hours on Tuesday, November 26, extending losses amid market volatility. Adani Green Energy emerged as the biggest loser, tumbling over 7% to Rs 898.

GQG Partners , which has a near 20% stake in India's Adani Group, saw its Australia-listed shares plunge 23% on Thursday after Gautam Adani, the conglomerate's chair, was indicted in the U.S. over charges of bribery and fraud.

Boutique investment firm GQG Partners has expressed confidence in the Adani group despite recent bribery allegations against its promoters. GQG believes the charges target individuals and not the firms themselves,

Global investment company GQG Partners has maintained that it continues to believe each individual Adani Group company is "well-positioned for the future" and as of now it has "not changed our view on the prospects for these investments.

Adani Group stocks are likely to attract attention on Tuesday after GQG Partners, led by Rajiv Jain, reiterated its support for its Adani investments despite a $265 million bribery scandal involving Adani Green Energy employees in the US.