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[ad_1] New Delhi: Embattled billionaire Gautam Adani on Thursday spoke publicly for the first time since his ports-to-energy conglomerate publicly battled a short seller’s accusation of stock manipulation and accounting fraud, saying the abrupt move to withdraw a fully-subscribed share sale at his flagship firm was due to market volatility. His group continued to lose…
[ad_1] New Delhi: The Congress on Thursday demanded an impartial investigation under the supervision of the Supreme Court or a joint parliamentary committee to probe the charges raised in the Hindenburg report against the Adani Group. A joint opposition raised the Hindenburg report in both the Houses of Parliament demanding a discussion on the issue….
[ad_1] Mumbai: As the Adani Group battles its current crisis on multiple fronts, the Maharashtra Congress, Shiv Sena (UBT) and residents of Dharavi on Thursday raised questions over the fate of the ambitious redevelopment project for Asia’s biggest slum. In end-November 2022, the state government had finalised Adani Properties Ltd.’s bid to invest Rs 5,069…
[ad_1] Adani Enterprises has decided not to proceed with its fully subscribed Follow-on Public Offer (FPO), the conglomerate said in a statement late on Wednesday, hours after the shares of the firm nosedived 28.45% to close at ₹2,128.70 on the BSE. Adani Greens too witnessed over 30% price fall in its share price. Sources suggest…
[ad_1] RBI (Photo: IANS) The Reserve Bank of India (RBI) has asked for details from banks on their exposure to the Adani Group, several reports said on Thursday. The information being sought by the central bank includes details of collateral being employed to back loans and indirect exposure that banks may have. Subscribe us on…
[ad_1] New Delhi: A day after deciding not to go-ahead with the fully subscribed Follow-on Public Offer (FPO), Adani Enterprises Ltd chairman Gautam Adani on Thursday said it would not be “morally correct” to go ahead with the Rs 20,000-crore share in the current market condition. “After a fully subscribed FPO, yesterday’s decision of its…
[ad_1] New Delhi: Adani Enterprises on Wednesday said it has decided to withdraw its fully subscribed Rs 20,000-crore follow-on public offer (FPO) and will return the proceeds to investors. The announcement came a day after the company’s FPO was subscribed fully on the last day of the offer on Tuesday. “The Board of Adani Enterprises…
[ad_1] New Delhi: The government on Wednesday refused to comment on the fraud allegations levelled by a US short seller on Adani Group, which triggered a massive USD 90-billion rout in the group firms’ shares, saying it does not comment on individual company matters. “We in government don’t respond to issues related to a particular…
[ad_1] Adani Group chairman Gautam Adani, who stood at the 10th spot on the Forbes Real-time billionaire list for 2023 has now slipped out of the world’s top ten richest persons. Soon after Hindenburg Research report, Adani group witnessed massive decline in their share prices and Gautam Adani too lost over $10 B of net…
[ad_1] New Delhi: Shares of Adani Group firms slumped on Wednesday and have lost more than Rs 7 lakh crore of their combined market capitalisation in the last five trading sessions amid concerns over US-based short seller Hindenburg Research’s report. The decline is about 38 percent compared to the market valuation at the end of…