France's Total halts new investment in Adani Group
Ahmedabad Mirror|November 26, 2024
Energy giant is one of Adani's biggest foreign investors; GQG Partners backs group, says indictment against individuals

French energy giant TotalEnergies SE on Monday said it was not aware of the corruption investigation its partner Adani group's founder chairman was facing in the US and that it is pausing fresh investments in the conglomerate pending the outcome of the charges.

Separately, GQG Partners, which made huge bets on Adani group post hammering it saw in the aftermath of the Hindenburg Report last year, said the indictment is against individuals only and the bet it made on the group holds good.

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