UPDATE 2-Australia's Pacific Current ends buyout talks with GQG Partners and River Capital

(Adds share moves in paragraph 2 and GQG Partners statement in paragraphs 7-8)

Nov 16 (Reuters) - Australia's Pacific Current Group has ended buyout talks with GQG Partners and River Capital, saying it did not receive any binding offers from the suitors.

Shares of asset management company Pacific fell as much as 11.8% on Thursday to A$7.95, their lowest since July 26, while those of GQG declined 2.1% to A$1.385.

GQG had offered A$567.3 million ($369.20 million) earlier this month to buy the asset management company, but failed to receive support from Pacific's largest shareholder, River Capital.

River Capital then lobbed a separate A$541.5 million bid on Monday to buy Pacific.

But both did not result in a binding offer that could be recommended to the shareholders, Pacific said on Thursday.

"In light of this, the board has determined to conclude the strategic transaction process and dissolve the Independent Board Committee," the company said in a filing.

Separately, GQG Partners said it continued to believe that the transaction contemplated by its non-binding indicative proposal would have unlocked significant value for all Pacific shareholders.

"GQG continues to see substantial strategic merit in a transaction with PAC, and GQG remains open to continuing to engage with PAC in this regard," the independent asset management firm said in a statement.

($1 = 1.5366 Australian dollars) (Reporting by Poonam Behura and Roshan Thomas in Bengaluru; Editing by Devika Syamnath and Subhranshu Sahu)