Rajiv Jain’s GQG Partners Inc., one of the biggest investors in units of Adani Group, said it will buy back its own shares after they plunged on concern over the money manager’s exposure to the embattled Indian conglomerate.

Rajiv Jain-led GQG Partners Inc, one of the biggest investors and backer of Gautam Adani-led Adani Group, may buy back its own shares after they plunged on concern over the fund manager's exposure to the Indian conglomerate,

GQG said in a regulatory filing that it will repurchase 2.9 billion securities over a year, starting November 25