Adani Group is “well positioned for the future” as the company's “fundamentals” remain sound, stressed top investment firm GQG Partners, which backed the group amid the US federal indictment.
“We recognize the difference between individual and corporate claims. We believe that the fundamentals of the companies in which we invest remain sound. “While the team continues to investigate and reassess the situation, our view on the prospects of these investments remains unchanged at this time,” GQG Partners said in a statement.
GQG Partners cited examples of multiple global companies facing similar government actions, including Walmart, Oracle, Siemens, Petrobras, Pfizer, and Toyota, saying, “These actions and investigations typically take years to resolve. , fines and fines may be reduced,” it added.
“This indictment comes during a transition period for the US federal government, which means the case is likely to continue under the new Justice Department appointed by the Trump administration. We feel that we will maintain our support for Mr. Adani, who is by far the country's most important infrastructure developer,'' the company said.
None of Adani Group's 11 listed companies have been involved in or accused of any wrongdoing, the group's chief financial officer Yugesinder Singh said last week.
Adani Group strongly condemned the US report, calling it “baseless”.
“The facts as of November 21 are that we do not believe these actions will have a material impact on these businesses,” said the original investor, who acquired Adani Group shares in the wake of last year's Hindenburg scandal. said GQG Partners, one of the companies.
As of the end of September, GQG Partners held stakes in six Adani Group companies ranging from 1.5% to 2%.
“The DOJ indictment and SEC action are against individuals only. The allegations pertain only to AGEL and not to any other Adani companies. Although the allegations are serious, There are many examples of global companies and their executives facing significant government action, including Walmart, Oracle, Thales, Siemens, Glencore, Petrobras, Pfizer, Toyota, Honeywell, and Airbus. SAP,” the investment firm said.
“There was a domino effect across the Adani group of companies, but the decline was mixed. We believe investors were able to distinguish between individuals and the facts related to each company,” the company said in a statement to the market. He said that he had taken measures after considering the impact. US report.
Earlier today, Adani Group announced strong financial health and steady growth through its latest FY2025 H1 and Trailing Twelve Months (TTM) financial results despite external pressures.
Trailing 12-month EBITDA (earnings before interest, taxes, depreciation, and amortization) increased 17% year-on-year to USD 10 billion. At the same time, funds from operations (FFO) reached US$7 billion, growing at more than 30% annually over five years.
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani group company.)
