Tag Archives: Adani Group

The ongoing Adani-Hindenburg controversy has taken a new twist as a petitioner involved in the case has alleged that the Securities and Exchange Board of India (SEBI) withheld crucial information from the Supreme Court and failed to act promptly on Directorate of Revenue Intelligence (DRI) alerts related to alleged stock manipulation by Adani companies.

Adani Group, with diversified interests, has seen its total market capitalization cross ₹11 trillion, driven by investor confidence and strategic initiatives in infrastructure and power amid India's growing energy demand.

Adani Power's shares experienced a 4% drop before making a partial recovery following news of a potential 8% stake sale by promoters to a marquee global fund, while another Adani group firm also made stake acquisitions.

The sobriquet Big 4 refers to Deloitte LLP, Ernst & Young LLP, KPMG LLP and PwC. One of Adani Group’s international partners, the French energy giant TotalEnergies SE, said that it welcomes the announcement of the Adani Group to mandate one of the big four accounting firms to carry out …

Adani Power, Adani Green Energy, Adani Total Gas and Adani Transmission were also suspended when they hit their limits. Mumbai:  Billionaire Gautam Adani denied Friday that his rise to become Asia’s richest man — a title he has lost in a phenomenal stock rout — was due to Prime Minister …

CLSA assessed that the exposure of public sector banks has not increased in the past three years. Amid the dust raised by Hindenburg Research’s report on the Adani Group, CLSA said the Indian banking sector’s exposure to the group is less than 40 per cent of total group debt. Analysts with …

Hindenburg report on Adani Group: In a statement by Jatin Jalundhwala, Group Head – Legal, Adani, said the volatility in Indian stock markets created by the report is of great concern. Adani Group on Thursday said that its shareholders and investors were adversely impacted by the Hindenburg Research report that stated …

Adani Group termed the report published by the US-based Hindenburg Research as a malicious combination of selective misinformation and stale, baseless and discredited allegations to damage the prospects of the follow-on public offer (FPO) of the Group’s flagship Adani Enterprises Limited. In its so-called revelations, Hindenburg Research had accused the …