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.
Adani Enterprises called off its $2.5 billion share sale Wednesday, citing market conditions, amid an ongoing rout in the Adani Group's stocks sparked by Hindenburg's critical report.
The billionaire has had a rough week following a 24 January report by US short-seller Hindenburg Research that pointed out financial impropriety in the company.
The secondary share sale of Adani Enterprises needs at least 90% subscription to go through. It is currently at 85% including the anchor investor portion, Indian stock exchange data showed.
Vice-President's comments on Constitution also in list. MPs asked to ensure DMK’s points are heard in Parliament, and advised to maintain caution while addressing media.
Adani Group calls Hindenburg allegations baseless, unethical, and in violation of law while the firm says Adani obfuscating truth, avoiding real issues of fraud.
The Romans’ version of stoicism is rapidly picking popularity on Instagram — Marcus Aurelius, Epictetus, and Seneca are some names that get thrown at you when you fire up your screen.
Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
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