SEBI’s lack of mention of Kotak or any other Kotak board member may be meant to protect yet another powerful Indian businessman from scrutiny, says U.S. short seller
Hindenburg says SEBI’s show-cause notice is an attempt to silence and intimidate those who expose corruption and fraud perpetrated by “most powerful individuals”
Adani Green last week announced a follow-on funding of $1.36 bn to boost the construction financing framework to $3 billion
Hindenburg Research published its report ahead of Adani Group's plan to launch the largest follow-on public offering (FPO) in India's history.
LIC ups its stake in Adani Green Energy, Adani Total Gas, Adani Enterprises, and Adani Transmission, but cuts stake in Ambuja Cements, ACC, and Adani Ports & SEZ
Shares of Block tanked as much as 18% after Hindenburg accused Block of inflating user metrics and facilitating fraud.
Shares of nine out of 10 listed companies of the Adani group trading in positive territory today. Adani Ent up 3.78%.
The Adani Group company says it aims to protect the interest of its investing community by returning the FPO proceeds.
Adani Enterprises' secondary share sale opened for subscription on January 27 and will end on January 31.
Group says of 88 questions raised, 65 relate to matters duly disclosed by Adani firms; of balance 23 questions, 18 relate to public shareholders, third parties, while 5 are “baseless allegations”.
