Gautam Adani-led group is battling a stock market rout which was triggered by the Hindenburg report on 24 January and this week scrapped a $2.5 billion share sale.
Union Finance Minister Nirmala Sitharaman has also said the country’s markets are ‘well regulated’ and that the Adani controversy would not affect investor confidence.
Party demands impartial investigation under CJI or joint Parliamentary committee probe into allegations made by Hindenburg Research. Claims Modi 'prime mentor' of industrialist.
Cracking the code of how Hindenburg made the trade could lead to more short sellers taking positions against Indian companies, which has been rare, according to analysts.
Adani Group withdrew $2.5 billion share sale Wednesday. His companies have lost $100 billion in the stock market as investors bailed out on the tycoon.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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