Page 69 - Adani Group

In Adani-Hindenburg saga hard to pinpoint regulatory failure, says SC panel

On price volatility, the committee said that the Indian market was 'not unduly volatile' after the Hindenburg report on Adani was revealed in January

Adani Group stocks lose $10 billion in value as MSCI exclusion weighs

Adani Total Gas Ltd. and Adani Transmission Ltd. - the two stocks to be dropped from the MSCI India gauge at the end of this month

Adani woos bankers: Invites them for a trip to restore confidence

The guests have been invited to meet the senior officials of the conglomerate and wine and dine at a five-star hotel near Mumbai's international airport

Only JPC probe will reveal 'full truth of the Modani scam', says Congress

The Congress on Thursday said only a Joint Parliamentary Committee probe into the Adani issue will reveal "the full truth of the Modani scam". Senior leader Jairam Ramesh, in a tweet, cited a news report that has alleged a "cover up". The Congress has been alleging that the money of LIC policyholders has been invested in the Adani Group. It has also claimed that LIC share prices have declined drastically since the Hindenburg Research report, which alleged stock price manipulation by the Adani Group, came out. The Adani Group has denied the allegations. Sharing the link to a news report on Twitter, Ramesh said it is an "expose of the anatomy of a Modani cover-up". Citing the report, he said, "Hire a tiny accounting firm to audit gigantic companies. Get auditors to make identical 'qualified opinions', the minimum needed to comply with the law, without saying why or how it affects investors. "Claim an 'independent review' has been done by an unnamed law firm but without disclosing a

SC directs Manipur govt to ensure peace in the violence-hit state

From granting extension to Sebi to complete probe in the Adani Hindenburg case, to directing Manipur govt to ensure peace and tranquility, here are important cases of the day

Goldman Sachs slashes Adani's stakes from ESG funds following allegations

Goldman funds registered as promoting environmental, social and governance goals under European Union rules sold about 11.7 million shares in Adani companies in February

Give report on Adani-Hindenburg probe by August 14, SC tells Sebi

Court says it cannot give 'indefinite extension' to markets regulator

Adani-Hindenburg case: SC grants Sebi time till August 14 to submit report

While granting the extension, CJI DY Chandrachud said that the proceedings shall be listed after the summer recess

Reliance Retail, Adani Group no longer bidding for Future Retail: Report

The new highest bid is from Space Mantra and five other companies have placed their bid for parts of the company

Stocks to Watch today, May 17: Paytm, Voda Idea, JK Tyre, Oberoi Realty

Stocks to Watch on Wednesday: The Supreme Court will, on Wednesday, hear a batch of Public Interest Litigations (PILs) seeking an investigation into the Adani Group-Hindenburg report

Market regulator warns against premature conclusion to Adani probe

India's Supreme Court is hearing an appeal from SEBI to give it an additional six months to complete its probe into the Adani group

All but one Adani Group stocks decline, two hit the lower circuit

Adani Green was also scheduled to hold its board meeting but deferred it to May 24, citing 'certain exigencies'

Have not investigated Adani Group since 2016, Sebi tells apex court

The apex court on Monday heard the Adani vs Hindenburg case along with some other crucial cases

Adani Transmission seeks shareholders' nod to raise up to Rs 8,500 cr

Adani Transmission has sought shareholders' approval to raise up to Rs 8,500 crore through issuance of equity shares on qualified institutional placement basis. The company has sought shareholders' approval through postal ballot to raise up to Rs 8,500 crore by way of qualified institutional placement through issuance of equity shares and/or other eligible securities to eligible investors, a BSE statement showed. The board of directors of the company at its meeting held on May 13, 2023 approved the proposal of raising funds by way of issuance of equity shares of face value Rs 10 and/or other securities convertible into equity shares (including warrants, or otherwise). The company explained that it anticipates growth opportunities in its existing operations and continues to evaluate various avenues for organic expansion and achieving inorganic growth. Towards this, the company continues to require capital for achieving such growth and expansion. The proposed resolution, if approved

FinMin stands by 2021 Parl reply that Sebi was investigating Adani Group

As a political row erupted over SEBI telling Supreme Court that it has not been probing the Adani group since 2016, the Finance Ministry on Monday said it stands by its July 2021 written reply in Parliament that had stated that the stock market regulator was investigating some Adani group companies. After SEBI filed a fresh affidavit with the Supreme Court to strengthen its case for a six-month extension of the deadline to complete the probing allegations of fraud and money laundering against Adani Group, Congress and other opposition parties cited the finance ministry's July 2021 replies in Parliament to ask who was misleading. "The government stands by its reply in Lok Sabha on 19th July 2021 to Q. No. 72, which was based on due diligence and inputs from all concerned agencies," the Finance Ministry tweeted. This was in response to Congress spokesperson Jairman Ramesh posting a screenshot of the written reply made by Minister of State for Finance Pankaj Chaudhary on July 19, ...

Was Sebi asleep as investors duped: Cong on 'no probe against' Adani

With SEBI telling the Supreme Court that it was not investigating the Adani Group since 2016, the Congress on Monday cited a Union minister's reply in the Lok Sabha to challenge the claim and asked whether Parliament was misled or the market regulator was "fast asleep" as investors were "duped". The Securities and Exchange Board of India (SEBI) told the Supreme Court that it was not investigating the Adani Group since 2016 as claimed. The probe pertained to the issuance of Global Depository Receipts (GDRs) by 51 Indian firms and no listed company of the Adani Group was among them, it said. The fresh rejoinder affidavit was filed by the market regulator before a bench headed by Chief Justice D Y Chandrachud which adjourned to Tuesday the hearing on PILs and a separate plea of the SEBI seeking extension of six months to complete a probe into allegations of stock price manipulation by the Adani Group. Reacting to the development, Congress general secretary Jairam Ramesh tweeted, "The .

Adani-Hindenburg row: Not investigating Adani group since 2016, Sebi to SC

The Securities and Exchange Board of India (SEBI) on Monday told the Supreme Court that it was not investigating the Adani group since 2016 and termed such claims factually baseless". The earlier investigation pertained to the issuance of Global Depository Receipts (GDRs) by 51 Indian firms and no listed company of Adani group was among them, submitted the market regulator which is seeking an extension of six months to complete a probe into allegations of stock price manipulation by the Guatam Adani-led group. On May 12, lawyer Prashant Bhushan had opposed the plea for the extension of time, saying SEBI was seized of some kind of investigation in the matter since 2016. The fresh rejoinder affidavit by SEBI was filed by the market regulator before a bench headed by Chief Justice D Y Chandrachud which adjourned to Tuesday the hearing on PILs and a separate plea of the SEBI on the issue of extension of time. The hearing on the market regulator's plea and PILs could not take place on

'Factually baseless': Sebi to SC on probing Adani firms since 2016

Stand by reply that stated Sebi was probing some Adani group firms: FinMin

SC defers hearing of Adani-Hindenburg case; extension to Sebi yet uncertain

The deadline was sought by the regulator to complete the probe of the allegations in the Hindenburg report

No exposure to Adani group stocks because of its high debt: Mark Mobius

He added that India has done 'exceptionally well' and is being noticed by investors globally