Hindenburg shorts India’s Adani citing debt, accounting concerns
1 year, 11 months ago

Hindenburg shorts India’s Adani citing debt, accounting concerns

Al Jazeera  

Concerns raised by the US-based short seller sent shares of Adani Group’s listed firms tumbling, eroding $11bn. Hindenburg Research said it held short positions in India’s Adani Group, accusing the conglomerate of improper use of offshore tax havens and flagging concerns about high debt that eroded $11bn in investor wealth on Wednesday. It also said key listed Adani companies had “substantial debt” which has put the entire group on a “precarious financial footing”, and asserted that shares in seven Adani listed companies have an 85 percent downside on a fundamental basis due to what it called “sky-high valuations”. Adani Group’s chief financial officer, Jugeshinder Singh, said in a statement the company was shocked by the report, calling it a “malicious combination of selective misinformation and stale, baseless and discredited allegations”. Refinitiv data shows debt at Adani Group’s seven key listed Adani companies exceeds equity, with debt at Adani Green Energy Ltd exceeding equity by more than 2,000 percent.

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History of this topic

Shares of 6 Adani Group companies, out of 11 listed, decline in mid-session deals
1 week, 6 days ago

Shares of 6 Adani Group companies, out of 11 listed, decline in mid-session deals

Hindustan Times  

Shares of six Adani Group firms, out of 11 listed companies, declined in the mid-session deals on Wednesday, with Adani Green Energy falling more than 2 per cent. The scrip of Adani Green Energy slipped 2.46 per cent to ₹1,147.30 apiece, Adani Ports and Special Economic Zone was down by 1.13 per cent, Adani Power, Adani Energy Solutions and Adani …

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge
3 weeks ago

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge

ABP News  

Shares of seven Adani Group companies ended higher on Tuesday, with Adani Ports and Special Economic Zone leading the charge with a 6.02 per cent gain, emerging as the top performer among Sensex and Nifty firms. Other Adani Group stocks also witnessed upward movement on the BSE, with Ambuja Cements rising 5.15 per cent, ACC climbing 2.56 per cent, Adani …

Japanese Banks sticking with Adani as Jefferies, Barclays review ties
3 weeks, 5 days ago

Japanese Banks sticking with Adani as Jefferies, Barclays review ties

Live Mint  

-- Japan’s biggest banks plan to maintain ties to billionaire Gautam Adani despite US bribery charges, even as other global firms including Barclays Plc are reassessing their exposure to the Indian conglomerate. Mizuho Financial Group Inc. expects the latest saga surrounding Adani won’t have a long-lasting impact and intends to continue supporting the group, according to people familiar with the …

Adani Green, Adani Energy Solutions: Why these Adani Group stocks are surging today
Trending News
3 weeks, 5 days ago

Adani Green, Adani Energy Solutions: Why these Adani Group stocks are surging today

India Today  

Adani Group stocks rallied sharply on Friday, climbing up to 15% as investors responded positively to clarifications on the US bribery case and assurances of financial stability. Most other Adani Group stocks also registered gains in early trade. The rally comes after Japan’s largest lenders, including Mizuho Financial Group, Sumitomo Mitsui Financial Group, and Mitsubishi UFJ Financial Group, reportedly reaffirmed …

Adani Group says it lost nearly $55 billion since US indictment: Report
4 weeks ago

Adani Group says it lost nearly $55 billion since US indictment: Report

Hindustan Times  

India's Adani Group conglomerate said Wednesday it had suffered a staggering loss of nearly $55 billion since US corruption charges against top officials, accusations the company denies. The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of the bribery scheme. "Since the intimation of the …

Enough cash, no concerns on debt servicing, says Adani Group
4 weeks, 1 day ago

Enough cash, no concerns on debt servicing, says Adani Group

Live Mint  

The Adani Group on Monday said that it has enough cash to service debt at all group firms in the next 12 months, in one of its first statements since the indictment of founder Gautam Adani by US federal prosecutors last week. Combined cash flows in the past 12 months were more than the annual debt repayments projected for each …

Adani Group says companies have sufficient liquidity, assures investors about servicing debt obligations
Trending News
4 weeks, 1 day ago

Adani Group says companies have sufficient liquidity, assures investors about servicing debt obligations

Live Mint  

New Delhi, Nov 25 Billionaire Gautam Adani's conglomerate on Monday showcased its cash reserves and profits that are enough to service debt obligations as well as meet growth plans as it reassured investors about business as usual despite a US bribery indictment against the founder. The ports-to-energy conglomerate, whose chairman Adani and two other executives have been indicted in a …

Adani bonds slide to year low as investors and lenders weigh bribery allegations
4 weeks, 1 day ago

Adani bonds slide to year low as investors and lenders weigh bribery allegations

Live Mint  

Adani dollar bond prices fell on Monday to almost one-year lows, as investors cut their exposure to the Indian conglomerate and some bankers considered pausing fresh lending in the wake of bribery and fraud accusations by U.S. authorities The group's billionaire chairman, Gautam Adani, and seven other people were last week charged with agreeing to pay around $265 million in …

Adani touts financial muscle, says can grow without external debt
4 weeks, 1 day ago

Adani touts financial muscle, says can grow without external debt

The Hindu  

Billionaire Gautam Adani's conglomerate on Monday showcased its cash reserves and profits that are enough to service debt obligations as well as meet growth plans as it reassured investors about business as usual despite a U.S. bribery indictment against the founder. Gautam Adani indictment: In-depth coverage The ports-to-energy conglomerate, whose chairman Mr. Adani and two other executives have been indicted …

Friday’s relief rally after Adani shock leaves investors richer by ₹7.27 trillion
1 month ago

Friday’s relief rally after Adani shock leaves investors richer by ₹7.27 trillion

Live Mint  

Mumbai: Indian markets were quick to recover from the shock of the Adani group bribery charges, surging to a nearly six-month high and snapping off a two-week slump on Friday. Adani group stocks fared better than on Thursday, when the ports-to-renewables conglomerate lost ₹2.24 trillion in market cap after US prosecutors indicted chairman Gautam Adani and other executives in an …

Adani Group stocks, bonds fall for a second day after founder's US indictment
1 month ago

Adani Group stocks, bonds fall for a second day after founder's US indictment

Deccan Chronicle  

Stocks and bonds of India's Adani Group dropped for a second session on Friday after a U.S. arrest warrant was issued for its billionaire founder Gautam Adani over an alleged 265 million dollars bribery scheme. U.S. prosecutors have charged Adani and seven other people with agreeing to pay bribes to Indian government officials to obtain contracts that could yield 2 …

Adani may see wider impact from US setback
1 month ago

Adani may see wider impact from US setback

Live Mint  

Mumbai: The Adani Group denied bribery charges and vowed to explore legal options after a damaging indictment in the US, but the move failed to stop a run in its shares, posing the biggest test yet for the conglomerate which had rebuilt investor faith after the Hindenburg episode. Concluding more than two years of investigation, the US Department of Justice …

Adani Group shares trade lower for second consecutive day amid US bribery allegations
1 month ago

Adani Group shares trade lower for second consecutive day amid US bribery allegations

India TV News  

Shares of eight out of ten listed Adani Group companies witnessed a sharp decline during Friday’s morning trade following charges against billionaire Gautam Adani by US prosecutors. Shares of Adani Power tanked 6.38 per cent, Adani Total Gas went lower by 6.11 per cent, Adani Ports declined 5.31 per cent, Adani Wilmar plunged 5.17 per cent to hit the one-year …

Adani Group stocks extend slide amid bribery charges. Details here
1 month ago

Adani Group stocks extend slide amid bribery charges. Details here

India Today  

Shares of Adani Group companies continued their steep decline on Friday, following allegations of a multi-million-dollar bribery and fraud case involving Chairman Gautam Adani and seven others. Adani Energy Solutions was down 8.48% at Rs 640.50 on the Bombay Stock Exchange, while Adani Green Energy fell 7.51% to Rs 1,060.35. Shares of other Adani Group companies, including its flagship Adani …

Fact Check: Adani Group DIDN'T get Rs 120 lakh crore loan from Indian banks. Data goof-up creates confusion
1 month ago

Fact Check: Adani Group DIDN'T get Rs 120 lakh crore loan from Indian banks. Data goof-up creates confusion

India Today  

Arrest warrants were issued in the United States on November 20 for industrialist Gautam Adani, his nephew, and six others for allegedly bribing Indian officials with $265 million in exchange for solar power contracts. On MoneyControl’s website, we found an article titled, “Banks’ exposure to Adani Group: How big a worry is it really?” This article features an infographic that …

US indictment of Adani Group honchos: What are the implications?
1 month ago

US indictment of Adani Group honchos: What are the implications?

New Indian Express  

The indictment of top executives from one of India’s large multinational conglomerates by a US Federal Court on Wednesday, November 19, 2024, has raised several pressing questions for both global and domestic investors. The charges—linked to a Rs 2,300 crore bribery scheme involving Adani Group executives, including Chairman Gautam Adani and directors Sagar Adani and Vinit Jain—have far-reaching implications not …

Déjà vu moment for Adani Group after Hindenburg allegations
1 month ago

Déjà vu moment for Adani Group after Hindenburg allegations

Deccan Chronicle  

CHENNAI: The indictment by the Securities Exchange Commission and the group’s loss in market capitalisation is a moment of déjà vu for Adani Group after the Hindenburg reports of 2023. In its January 2023 report, Hindenburg Research accused the Adani Group of engaging in extensive accounting fraud, stock price manipulation, and exploiting tax havens. Hindenburg in August this year further …

Live tracking Adani Stocks: Six Adani stocks recover on Friday
1 month ago

Live tracking Adani Stocks: Six Adani stocks recover on Friday

The Hindu  

Shares in billionaire Gautam Adani’s conglomerate saw a partial recovery on Friday, following a sharp sell-off triggered by U.S. charges alleging the tycoon paid over $250 million in bribes to secure lucrative government contracts. On the Bombay Stock Exchange, several Adani Group stocks rebounded: Ambuja Cements gained 3.50%, ACC rose 3.17%, Adani Enterprises advanced 2.16%, Adani Ports increased 2.05%, Adani …

Adani Group: U.S. Department of Justice allegations baseless
1 month ago

Adani Group: U.S. Department of Justice allegations baseless

The Hindu  

Hours after a statement from the New York Eastern District court indicted Gautam Adani and the other board of directors of Adani group of companies of criminal and civil irregularities, the Adani group denied the allegations against Adani Green calling them baseless. The apples to airport conglomerate said that they were innocent until proven guilty, referring to a line in …

Allegations and scandals against the Adani Group: A timeline
1 month ago

Allegations and scandals against the Adani Group: A timeline

The Hindu  

With a U.S. court indicting Gautam Adani and seven others on charges of securities and wire fraud, Adani’s stocks nosedived as possible arrest of one of India’s richest businessmen looms large. Adani Green Energy Ltd withdrew its proposed $600 million U.S. dollar denominated bond offering after the Easter New York district court charged the apples to airports conglomerate of bribery …

LIC loses nearly ₹12,000 crore in seven Adani shares in a day on Gautam Adani’s civil indictment news. Here’s how
1 month ago

LIC loses nearly ₹12,000 crore in seven Adani shares in a day on Gautam Adani’s civil indictment news. Here’s how

Live Mint  

Adani Group Stocks: Life Insurance Corporation of India, the country’s largest domestic institutional investor, saw its holdings in seven Adani stocks drop by nearly ₹12,000 crore following a sharp decline in group shares. According to a Reuters report, U.S. authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to …

Adani Group Responds To Bribery Charges, Cancels $600 Million Bond Offering
1 month ago

Adani Group Responds To Bribery Charges, Cancels $600 Million Bond Offering

ABP News  

Adani Green said on Thursday that they cancelled its $600 million bond offering following accusations by US prosecutors that Gautam Adani and other executives orchestrated a $250 million bribery scheme. Responding to the accusations, Adani Green released a statement on Thursday, which states, "The United States Department of Justice and the United States Securities and Exchange Commission have issued a …

Adani Group Shares Crash 20 Per Cent Amid US SEC Bribery And Fraud Allegations
1 month ago

Adani Group Shares Crash 20 Per Cent Amid US SEC Bribery And Fraud Allegations

ABP News  

Adani Group share price: Adani Group stocks saw losses on Thursday after US federal prosecutors filed bribery charges against the conglomerate's founder, Gautam Adani. Shares of major group firms, including Adani Enterprises, Adani Green Energy, and Adani Energy Solutions, witnessed declines of 10-20 per cent in early trade on Thursday. Adani Green Energy shares plunged 17 per cent to Rs …

India’s Adani Group sees $22 billion in value wiped off after US indictments
1 month ago

India’s Adani Group sees $22 billion in value wiped off after US indictments

Live Mint  

-Shares of Adani Group companies lost about $22 billion in market value in early trade on Thursday after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme. Gautam Adani's flagship company Adani Enterprises fell 10%, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC, …

Adani Group stocks go into a tailspin, crash up to 20% after US indicts Chairman and 7 others on bribery charges
Top News
1 month ago

Adani Group stocks go into a tailspin, crash up to 20% after US indicts Chairman and 7 others on bribery charges

Live Mint  

Adani Group Stocks: Several Adani Group shares, including those of the flagship firm Adani Enterprises, suffered massive losses and hit their lower circuits in early trade on Thursday, November 21. "A five-count criminal indictment was unsealed today in federal court in Brooklyn charging Gautam S. Adani, Sagar R. Adani and Vneet S. Jaain, executives of an Indian renewable-energy company, with …

Adani Group stocks nosedive after US indictment over alleged bribery, investor fraud
1 month ago

Adani Group stocks nosedive after US indictment over alleged bribery, investor fraud

New Indian Express  

The allegations also include bids to obstruct justice by deleting electronic evidence and misleading the Justice Department, the Securities and Exchange Commission, and the FBI. Its key lenders include State Bank of India, ICICI Bank, Axis Bank, Yes Bank, IndusInd Bank, IDFC First Bank, Bank of India, RBL Bank, Central Bank of India, Union Bank of India, IDBI Bank and …

Adani Group shares in free fall today. What should investors do?
1 month ago

Adani Group shares in free fall today. What should investors do?

India Today  

Adani Enterprises Ltd experienced a dramatic share price collapse on Thursday, with stocks plunging as much as 23% to a day-low of Rs 2,171.60. The steep decline comes in the wake of bribery allegations against Group Chair Gautam Adani, creating market turbulence and raising critical questions for investors. Global ratings agency Moody's said the development is "credit negative" for Adani …

Adani Group issues statement on bribery charges, abandons $600 million bond deal
1 month ago

Adani Group issues statement on bribery charges, abandons $600 million bond deal

India Today  

The Adani Group has cancelled its USD 600 million bond offering after US prosecutors accused Gautam Adani and other executives of orchestrating a USD 250 million bribery scheme. The indictment adds to the group’s challenges following a tumultuous period since 2023, when the Hindenburg Research report accused Adani of stock manipulation and fraud, erasing $150 billion in market value. ADANI …

Adani Group stocks see worst day since Hindenburg crisis, lose Rs 2 lakh crore
1 month ago

Adani Group stocks see worst day since Hindenburg crisis, lose Rs 2 lakh crore

India Today  

Shares of Adani Group saw a massive fall on Thursday, with several stocks hitting their daily lower circuit limits. Investors in Adani Group’s 10 listed companies lost over Rs 2.60 lakh crore in market value during early trade. WORST MARKET DAY SINCE HINDENBURG REPORT The allegations caused panic selling across Adani Group stocks, marking their worst trading day since the …

India's Adani Group unit raises 19.5 billion rupees via bond issue, say bankers
2 months, 3 weeks ago

India's Adani Group unit raises 19.5 billion rupees via bond issue, say bankers

The Hindu  

India’s Adani Airport Holdings has raised ₹19.5 billion via the biggest domestic bond issue since U.S. short-seller Hindenburg Research accused its parent group of improper use of offshore tax havens and stock manipulation. The Adani Group company, which manages and develops airport infrastructure assets in the country, had invited bids from investors earlier in the day and will pay a …

Hindenburg Report: Adani Group Denies Allegations, Watch Big Updates Of The Hour Only On ABP News
3 months, 1 week ago

Hindenburg Report: Adani Group Denies Allegations, Watch Big Updates Of The Hour Only On ABP News

ABP News  

In a significant development related to the ongoing scrutiny of the Adani Group following the Hindenburg Research report, Swiss authorities have taken a major step by freezing over $310 million in funds connected to the conglomerate. This action comes amidst an extensive investigation into the financial activities of the Adani Group, which has been under the spotlight since Hindenburg's allegations …

Adani Group Denies Hindenburg Allegations, Claims All Accusations are False | ABP News
3 months, 1 week ago

Adani Group Denies Hindenburg Allegations, Claims All Accusations are False | ABP News

ABP News  

In a significant development related to the ongoing scrutiny of the Adani Group following the Hindenburg Research report, Swiss authorities have taken a major step by freezing over $310 million in funds connected to the conglomerate. This action comes amidst an extensive investigation into the financial activities of the Adani Group, which has been under the spotlight since Hindenburg's allegations …

'No Swiss court proceedings, no account frozen': Adani Group rejects another claim made by US-based short seller Hindenburg
3 months, 1 week ago

'No Swiss court proceedings, no account frozen': Adani Group rejects another claim made by US-based short seller Hindenburg

Op India  

On Thursday, US-based short seller Hindenburg Research claimed that Swiss authorities had frozen more than USD 310 million in funds across several Swiss bank accounts over money laundering allegations against Adani Group. Taking to X, Hindenberg Research claimed: “Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of a money laundering and …

Adani Group shares drop after Hindenburg's fresh allegations
3 months, 1 week ago

Adani Group shares drop after Hindenburg's fresh allegations

India Today  

The stock market has its ups and downs, and this time, it’s the Adani Group under the spotlight again. Adani Group shares fell by up to 2% in early trading on Friday after Hindenburg Research claimed that Swiss authorities had frozen over $310 million across several Swiss bank accounts. The short-seller claimed that an investigation dating back to 2021 has …

Domestic Banks, NBFCs now hold 36% exposure of Adani Group's total debt
3 months, 4 weeks ago

Domestic Banks, NBFCs now hold 36% exposure of Adani Group's total debt

India Today  

Adani Group's debt mix now sees domestic banks and non-banking financial companies accounting for 36% of its total debt, as per recent data. As of March 31, 2024, Indian banks and NBFCs had lent Rs 88,100 crore to the Adani Group, contributing to the total debt of Rs 2,41,394 crore. During the last fiscal year, the group's debt from the …

Adani Group stocks plunge up to 17% following Hindenburg's latest claims
4 months, 1 week ago

Adani Group stocks plunge up to 17% following Hindenburg's latest claims

India Today  

Shares of the Adani group dropped by up to 17% in early trading on Monday, following fresh allegations from the US-based short seller firm Hindenburg Research. US-based short seller firm Hindenburg Research on Saturday claimed that whistleblower documents show Securities and Exchange Board of India Chairperson Madhabi Puri Buch had a stake in the obscure offshore entities used in the …

Adani Group rocked by Hindenburg allegations against SEBI
4 months, 1 week ago

Adani Group rocked by Hindenburg allegations against SEBI

Al Jazeera  

Adani Group’s stock value plunged by nearly $150bn after Hindenburg Research’s first report in January 2023. Adani Group, the Indian conglomerate rocked by a Hindenburg Research report last year, has faced another heavy share selloff after the short seller accused the head of India’s market regulator of having links to offshore funds also used by the group. Buch said the …

‘Something big soon India’: After Adani Group, Hindenburg Research hints at new report
4 months, 2 weeks ago

‘Something big soon India’: After Adani Group, Hindenburg Research hints at new report

Hindustan Times  

US-based investment research firm “Hindenburg Research” on Saturday shared a cryptic post hinting at another major India-focused report. In an X post on Friday, the firm worte, “Something big soon India.” In 2023, following the allegations against the Adani Group, shares of various Adani companies plummeted, with reported losses exceeding USD 100 billion. These accusations, detailed in the report by …

Adani Enterprises eyes first-ever public debt issue in coming weeks: sources
4 months, 3 weeks ago

Adani Enterprises eyes first-ever public debt issue in coming weeks: sources

The Hindu  

Adani Enterprises, the flagship firm of Adani Group, plans to launch its first-ever public issue of bonds in the coming weeks to raise up to 6 billion rupees, two sources aware of the development said on Tuesday. Adani Enterprises had decided not to proceed with a debut retail bond offering of up to 10 billion rupees last year after U.S.-based …

Adani Energy Solutions may launch $600 million share sale this week: Report
4 months, 3 weeks ago

Adani Energy Solutions may launch $600 million share sale this week: Report

Hindustan Times  

Gautam Adani-led Adani Energy Solutions is likely to launch a share sale this week to raise over $600 million, as per news agency Reuters. The Hindenburg report accused Adani Group of improper use of offshore tax havens and stock manipulation. Adani Energy Solutions plans to raise funds through a Qualified Institutional Placement, the report claimed. Since Hindenburg report in January …

Hindenburg shared Adani report with client two months before publishing it: Sebi
5 months, 2 weeks ago

Hindenburg shared Adani report with client two months before publishing it: Sebi

India TV News  

US short-seller Hindenburg Research had shared an advance copy of its damning report against Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it and profited from a deal to share spoils from share price movement, according to market regulator Sebi. The Securities and Exchange Board of India, in its 46-page show cause notice …

Hindenburg claims it hardly made money by shorting Adani stocks and bonds: ‘Reality is…’
5 months, 3 weeks ago

Hindenburg claims it hardly made money by shorting Adani stocks and bonds: ‘Reality is…’

Hindustan Times  

US short seller Hindenburg Research said that it made $4.1 million revenue through gains made by shorting of Adani securities by its client. This will hardly break even considering the costs of producing the research, it said, adding, “We have made ~$4.1 million in gross revenue through gains related to Adani shorts from that investor relationship.” Adani group chairman Gautam …

Adani Group case: Hindenburg Research gets show cause notice from SEBI, US firm terms it 'nonsense'
5 months, 3 weeks ago

Adani Group case: Hindenburg Research gets show cause notice from SEBI, US firm terms it 'nonsense'

India TV News  

Adani-Hindenburg row: Hindenburg Research, the US-based short-seller, said it received a show-cause notice from India’s capital market regulator Securities and Exchange Board of India in the Adani Group case. The US firm said the show cause notice does resolve some questions: "Did Hindenburg work with dozens of firms to short Adani, making hundreds of millions of dollars? Adani-Hindenburg row Hindenburg …

New twist in clash between US short seller Hindenburg and India’s Adani
5 months, 3 weeks ago

New twist in clash between US short seller Hindenburg and India’s Adani

Al Jazeera  

India’s securities regulator has alleged Hindenburg colluded with another entity to help it short Adani Group. Hindenburg Research has denied allegations by India’s securities regulator that it colluded with a United States asset manager to use nonpublic information to set up a short bet against Adani Group last year, which if proven would breach the country’s rules. “It was a …

Adani stocks crash up to 18%, wipe out recent gains amid volatility
6 months, 3 weeks ago

Adani stocks crash up to 18%, wipe out recent gains amid volatility

India Today  

Adani Group stocks faced a setback on June 4 as its stocks crashed by up to 18%. This correction led to a substantial decrease in Adani Group's market capitalisation, wiping out over Rs 10 lakh crore. In the previous trading session, the conglomerate's stocks had surged, adding Rs 1.4 lakh crore to its value, bringing the total market worth of …

Adani Enterprises gets board nod to raise Rs 16,600 crore via QIP
6 months, 3 weeks ago

Adani Enterprises gets board nod to raise Rs 16,600 crore via QIP

Business Standard  

The board of Adani Enterprises, the flagship firm of the conglomerate, on Tuesday approved raising Rs 16,600 crore by way of qualified institutional placement of shares or any other instruments, it told stock exchanges in a statement. The approval came a day after its transmission tower firm, Adani Energy Solutions, cleared plans to raise Rs 12,500 crore by way of …

India's Adani Energy Solutions to raise up to $1.5 billion
6 months, 3 weeks ago

India's Adani Energy Solutions to raise up to $1.5 billion

The Hindu  

India's Adani Energy Solutions said on Monday that its board has approved a fundraise of up to ₹125 billion. Business news website Moneycontrol had earlier reported that the two Adani companies — Adani Energy and Adani Enterprises — will collectively approve a fundraising plan in a range of $3.5-4 billion. Last year, U.S. shortseller Hindenburg in a report accused the …

Adani Enterprises stock recovers $30 billion lost after Hindenburg report
7 months ago

Adani Enterprises stock recovers $30 billion lost after Hindenburg report

Hindustan Times  

Shares of Adani Enterprises Ltd- flagship of Gautam Adani’s group- erased all the losses following a short-seller report in early 2023. The conglomerate cut debt and landed major projects owing to which its stock stock crawled back losses of more than $30 billion after US-based Hindenburg Research alleged wide-ranging corporate malfeasance and share-price manipulation at conglomerate in January 2023. Adani …

Adani Group stocks today: All 10 Adani group companies trade lower. Here's why
9 months ago

Adani Group stocks today: All 10 Adani group companies trade lower. Here's why

Hindustan Times  

Adani Group share price today: Shares of all 10 Adani group companies traded lower today. Adani Enterprises Ltd fell nearly 4 per cent in early trade, while Adani Ports and Special Economic Zone Ltd lost nearly 3 per cent. Adani Wilmar Ltd and Adani Power Ltd were down over a per cent and Adani Total Gas Ltd, Adani Energy Solutions …

Adani Group stocks down 13%, ₹90,000 cr wiped off in market-cap. Top loser is…
9 months, 1 week ago

Adani Group stocks down 13%, ₹90,000 cr wiped off in market-cap. Top loser is…

Hindustan Times  

Adani Group stocks fell up to 13 per cent today. How are other Adani Group's stocks performing: Adani Enterprises and Adani Ports & SEZ were trading with losses of 5.5 per cent and 5.3 per cent, respectively. Loss in market-cap: With today's drop, Adani Group stocks have cumulatively lost ₹90,000 crore in market capitalisation- 5.7% of the group's overall market …

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