Plants selling their entire power to India's neighboring countries may be allowed a domestic grid connection in case of a consistent drop in offtake or payment defaults
Mcap plunges as much as Rs 1.2 trillion before recouping most losses; Markets end flat after opening lower
Hindenburg Research was founded in 2017 by Nathan Anderson
Stepping up its attack on the PM Narendra Modi government over the Hindenburg Research's allegations against SEBI chairperson Madhabi Buch, the Congress on Monday threatened to launch a nationwide protest if its demand for a JPC (Joint Parliamentary Committee) probe into the matter is not accepted. AICC general secretary (Organisation), K C Venugopal, described the allegations as "very serious" and accused the Prime Minister of supporting Adani on the matter. "The Prime Minister's silence on the matter amounts to a destruction of credibility," Venugopal told reporters at the airport here. He accused the union government of trying to divert people's attention from the matter by using the Enforcement Directorate against Rahul Gandhi, the Leader of the Opposition in the Lok Sabha. "Don't try to threaten Rahul Gandhi with an ED notice. We will strongly oppose such diversionary tactics," the Alappuzha MP said. Venugopal said that "this is the most serious issue in the country" and warn
Hindenburg's original report, in which it had accused the centi-billionaire of pulling largest con, caused Adani Group's market capitalisation to crater by $150 bn
Short-seller says whistleblower documents have revealed Sebi Chairperson Madhabi Puri Buch had stake in obscure offshore entities used in Adani money siphoning scandal; Buch terms allegations baseless
As Hindenburg saga resurfaces, here's a technical check on Gautam Adani-led Group stocks for the likely trend ahead.
Says fund in which the Buchs invested focused on debt, maintains no investor had any role in its ops
US-based short seller Hindenburg Research is attempting to attack Sebi's credibility and indulging in character assassination of its chairperson, Sebi chief Madhabi Puri Buch and her husband Dhaval said on Sunday. In a detailed statement issued on Sunday evening in response to allegations made by Hindenburg, the Buchs said their investment in a fund promoted by IIFL Wealth Management was as Singapore-based private citizens, and made two years before Madhabi joined Sebi as a whole-time member. They said Dhaval, a senior advisor at Blackstone since 2019, is not associated with the real estate side of the private equity major. The statement also said that Madhabi's two consulting companies immediately became "dormant" on her appointment at Sebi in 2017 as a whole-time member. "Hindenburg has been served a show cause notice for a variety of violations in India. It is unfortunate that instead of replying to the Show Cause Notice, they have chosen to attack the credibility of the SEBI an
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
Gautam Adani, ranked number two on India's rich list, saw $6.3 billion get shaved off from his net worth, which declined to $103.6 billion
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
Consolidated net profit rose to Rs 1,455 crore for quarter ended June 30, from Rs 674 crore a year ago, the company, which is the flagship firm of the Adani Group, said in an exchange filing
Shares of the Adani Group company were up 1.2% after the results, while the broader benchmark Nifty 50 gained 0.2%
Billionaire Stanley Druckenmiller's family office-led investment firms have made their maiden bet on Adani group, seeking shares of the conglomerate's power transmission unit in an institutional sale that was oversubscribed six-times and fetching demand of over Rs 50,000 crore against an issue size of USD 1 billion. Duquesne Family Office and two other US-based long-only funds - Driehaus Capital Management and Jennison Associates - invested in the qualified institutional placement (QIP) of Adani Energy Solutions, sources with direct knowledge of the matter said. The Rs 8,340 crore (USD 1 billion) issue saw over 120 investors seek shares in the firm that is into power transmission, distribution and smart metering business. Sources said the issue marked the debut of highly prestigious long-only investors Duquesne Family Office, Driehaus Capital Management and Jennison Associates which are known for their strong performance. These investors are known for investing only in companies wi
Indian and international institutions have oversubscribed to Adani Energy Solutions Ltd.'s $1 billion share sale
Company's return to raise funds through a public issuance highlights the recovery for the Adani Group, which lost more than $150 billion in market value at one point following the Hindenburg report
The clash of titans is likely to intensify as the deep-pocketed tycoons seek to dominate supplies of a building material that is critical to sustaining India's infrastructure boom