The Congress party has accused the Adani Group and the Indian government of a lack of concern over the alleged involvement of Chinese national Chang Chung-Ling in the conglomerate’s activities, and his potential involvement in important defence contracts. The Congress party has accused the Adani Group and the Indian government of a lack of concern … Read more
The Supreme Court, while listening to the requests related to Hindanberg’s report on the Adani group, has ordered that a committee investigate the entire case. At the same time, the Supreme Court has also asked the SEBI to present the report in two months while continuing with the investigation of this case. The committee that … Read more
After the Hindenburg report related to the companies of Indian businessman Gautam Adani came to light, the shares of his companies in India are continuously falling, its effect is also visible in Australia. Hindenburg affected Australian investors According to a report in The Telegraph, Australian investors who invested in Adani’s companies thinking they were investing … Read more
US billionaire investor George Soros this week publicly criticized Prime Minister Narendra Modi for his ties to the crisis-hit Adani group, and also went after the leader’s democratic credentials. “This will significantly weaken Modi’s grip on the Indian government and open the door for much-needed institutional reforms. I may be naive, but I hope for … Read more
American short-seller Hindenburg Research has fired another salvo at Adani Group and it involves Vinod Adani, Gautam Adani’s older brother. Gautam Adani’s name appears 54 times in the extensive report published in late January. Vinod Adani, Gautam’s brother, is mentioned 151 times, more than anyone else. According to an article published by Forbes exposing the … Read more
Adani group companies developer to prepay $1.11 billion in loans ahead of maturity and release pledged shares in three companies amid a collapse in group shares following a report by US short-seller Hindenburg Research alleging fraud and manipulation against the promoter. The promoters of Adani Group are repaying the loan before the due date. The … Read more
The Adani Group has accused Hindenburg Research of failing to conduct proper research and of “copying and pasting” the company’s disclosures. Adani Group CFO Jugeshinder Singh said that they either did not do a proper investigation or did a proper investigation but misled the public. The Securities and Exchange Board of India (SEBI) may claim … Read more
Most shares of Adani Group fell sharply on Monday as the Indian conglomerate’s rebuttal of criticism by an American short seller failed to appease investors, deepening a market slide that has now led to losses of $65 billion in value of group shares. Asia’s richest man Gautam Adani, the Indian group clashed with Hindenburg Research … Read more
The Hindenburg Research responded to the Adani Group’s rebuttal of its accusations, calling it an “attempt to obfuscate by nationalism.” “The Adani Group has not even attempted to clarify its relationship with a Chinese national (Chang Chung-Ling), despite a plethora of ties,” the response added. In its latest statement, the short seller said the Adani … Read more
Back-to-back responses from the Adani Group with strong statements criticizing the Hindenburg report as malicious have failed to stem its stock market slide. However, Adani Enterprises, which launched its follow-on public offering (FPO) on Friday, and Adani Total Gas are audited by Shah Dhandharia & Co. In its 106-page report, Hindenburg claimed that a small … Read more
