SYDNEY—One of the top investors in Adani Group appears to be mounting a rearguard to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.
Australia-listed GQG Partners on Friday launched an on-market share buyback worth up to 100 million Australian dollars, equivalent to US$65.1 million, calling out the opportunity presented by the stock’s sharp sell-off.
