Madhabi Puri Buch on Sunday rebutted fresh allegations made by New York-headquartered Hindenburg Research in the Adani matter
Find support from market participants; Adani group dubs latest report mischievous
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In a statement to the stock exchanges on Sunday, an Adani group spokesperson said the latest allegations by Hindenburg are malicious, mischievous, and manipulative
Analysts believe that these statements are mere allegations, which, at best, can trigger a knee-jerk reaction in the markets when they open for trade on Monday
The Sebi chief has 'strongly' denied Hindenburg's fresh allegations terming it 'baseless insinuations' which is 'devoid of any truth'
In the wake of the US short-seller Hindenburg Research levelling allegations against Sebi chairperson Madhabi Buch, the Congress on Saturday demanded the Centre act immediately to eliminate all conflicts of interest in the regulator's investigation of the Adani Group. The opposition party also said the "seeming complicity of the highest officials of the land" can only be resolved by setting up a Joint Parliamentary Committee to investigate the full scope of the "scam". The Hindenburg Research on Saturday launched a fresh broadside against market regulator Sebi chairperson Madhabi Buch, alleging she and her husband had stakes in obscure offshore funds used in the Adani money siphoning scandal. In a blogpost, Hindenburg said 18 months since its damning report on Adani, "SEBI has shown a surprising lack of interest in Adani's alleged undisclosed web of Mauritius and offshore shell entities." No immediate comments were available from Securities and Exchange Board of India, whose X acco
The Congress on Saturday used the Latin phrase "Quis Custodiet Ipsos" or "who will guard the guards themselves"? to take a swipe at SEBI chief Madhabi Buch, after US short seller Hindenburg levelled allegations against her. Hindenburg has alleged that Buch and her husband had stakes in obscure offshore funds used in the Adani money-siphoning case. Tagging the Hindenburg post on the allegations on X, Congress general secretary Jairam Ramesh said, "Quis Custodiet Ipsos Custodes (who will guard the guards themselves)." In another post on the microblogging platform, Ramesh said, "Parliament was notified to sit till the evening of August 12th. Suddenly it got adjourned sine die on the afternoon of Aug 9th itself. Now we know why." In a blogpost, Hindenburg said 18 months since its damning report on industrialist Gautam Adani, "SEBI has shown a surprising lack of interest in Adani's alleged undisclosed web of Mauritius and offshore shell entities." Citing "whistleblower documents", it .
Adani Group is seeking institutional investors including from the US as part of its efforts to expand its shareholder base and draw more research analysts to cover the firm
Adani Enterprises clarified that Chairman Gautam Adani's succession comments were misquoted, and no date for his retirement or transfer of control to his sons was given
Sebi had specified thresholds such as over 50 per cent exposure by an FPI in a single corporate group or Rs 25,000 crore equity exposure in India
The issue received bids from utility-focussed U.S. investors entering India for the first time along with sovereign wealth funds, Indian mutual funds, and insurance companies, Adani Energy said
The future of the Adani dynasty rests in the hands of his two sons, Karan and Jeet, along with their cousins Pranav and Sagar
When Adani retires, his four heirs - sons Karan and Jeet, and their cousins Pranav and Sagar - will become equal beneficiaries of the family trust
When Adani retires, his four heirs - sons Karan and Jeet, and their cousins Pranav and Sagar - will become equal beneficiaries of the family trust
Bihar Chief Minister Nitish Kumar on Saturday laid the foundation stone for a Rs 1,600-crore cement grinding unit of Ambuja Concrete North Private Ltd, a subsidiary of Adani Group's Ambuja Cements, in Nawada district. Adani Group has decided to invest an additional Rs 5,500 crore across various sectors in the state, a statement, issued by the CMO, said. A total of 40,000 employment opportunities will be generated by these investments, it said. "The project of 6 MTPA cement grinding unit, worth Rs 1,600 crore, will be implemented in three phases. The first one of 2.4 MTPA at an investment of Rs 1,100 crore is targeted to be commissioned by December 2025. The project is expected to create 250 direct and 1,000 indirect jobs in the area," the Chief Minister's Office (CMO) said. The project is considered the largest investment in the state by a cement industry player. It will meet the growing infrastructure needs of Bihar, the CMO said. "Adani Group has decided to invest an additional