Sensex, Nifty tank 7% as BJP tally surprises Dalal Street
Equity benchmark the BSE Sensex fell 6.8% as of 12:15 pm while the Nifty 50 Index was down as much as 7%.
Equity benchmark the BSE Sensex fell 6.8% as of 12:15 pm while the Nifty 50 Index was down as much as 7%.
Adani Saur Urja and Adani Renewable Energy Holding Nine, subsidiaries of Adani Green Energy, have incorporated wholly-owned subsidiaries.
SEBI submitted its 15-page “status report” before the Supreme Court on August 25, while the apex court is scheduled to hear the matter on August 29.
LIC has invested ₹31,200 crore in Adani Group companies that have touched ₹45,481 crore or 45% above the cost price by May 23
Adani Enterprises shares rebounded nearly 80% in just five sessions, from ₹1,193.50 on February 27, to ₹2,135 intraday today.
An independent third-party confirmation of its accounts would go a long way in establishing and restoring credibility, says SES.
Gautam Adani-led conglomerate will reduce the overall promoter leverage backed by shares of listed Adani Group companies.
This is the market regulator's first statement after several Adani Group stocks witnessed an "unusual price movement" over the past 10 days.
Shares of ACC and Ambuja Cements rallied after the management refuted reports claiming that shares of both recently acquired cement entities were pledged by promoters.