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The Adani group, which has been facing challenges on the stock market for ten days, has received a heavy blow from the Uttar Pradesh government. On January 24, after the American Forensic Financial Company Hindenburg made allegations related to financial irregularities in the Adani Group, the shares of its companies are continuously falling. According to … Read more
On Thursday, S&P Dow Jones Indices announced that it would remove Adani Enterprises, the flagship company of the Adani Group, from its Sustainability Indices. S&P Dow Jones has taken this decision following the allegations of stock manipulation and accounting fraud by the Adani group in the Hindenburg’s research report. Let us understand what is Sustainability … Read more
Credit Suisse has assigned zero value to the Adani stocks | So, so things are not at all well for India’s Adani group. Hindenburg’s report has created turmoil in the invincible Adani empire. Switzerland’s investment banking company Credit Suisse has assigned zero value to the Adani bonds. That is to say, the Adani Group can’t … Read more
Adani Group calls off its FPO | After Hindenburg’s report, Bloomberg’s report shattered the Adani Group badly, according to this report global investment firm Credit Suisse has reduced the value of lending bonds of four companies of the Adani Group to zero, earlier it used to be 75 percent. Due to this, the Adani group … Read more
The Hindenburg report has been out for more than a week, and there have been rebuttals from both sides. The current discourse is on how the Adani group is claiming the report to be an attack on India, and its growth rate. To which Hindenburg said, ‘draped itself in the Indian flag while systematically looting … 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
Gautam Adani has slipped to seventh on Forbes’ real-time list of the world’s richest people, as the Adani Group companies have lost a combined market capitalization of $48 billion since Wednesday following the report of Hindenburg Research. According to the Forbes Real Times Billionaires Index, Adani’s wealth plummeted by more than $22.5 billion to $96.8 … Read more
Shares of Adani Group companies fell sharply on Wednesday morning after activist investment firm Hindenburg Research revealed a short position against the conglomerate while accusing companies owned by the world’s third-richest person Gautam Adani of fraud. However, social media users alleged that the CIA is behind this research. In a report revealing its short position, … Read more
Billionaire businessman Gautam Adani is no longer the world’s third-richest person after activist investment firm Hindenburg Research accused his conglomerate, Grupo Adani, of orchestrating fraud. The Hinderburg report created a stir, Gautam Adani lost ₹ 489993000000 in a day. Through a report, Hindenburg indicated that the companies of said conglomerate, belonging to the richest man in Asia, … Read more
