The regulator in Friday's report also said its investigation on some offshore deals covered 12 foreign portfolio investors who were public shareholders of Adani group companies.
New Delhi: The Congress Saturday alleged foul play in the Adani Group-owned Ambuja Cements’ takeover of another cement firm called Sanghi Industries Ltd (SIL)...
Shares of the two companies were, however, still trading lower than their January levels after the Hindenburg report battered shares of Adani Group companies.
The report comes after two other Adani group companies - Adani Transmission and Adani Enterprise - revealed plans to raise up to $2.57 billion from the market.
The capital will be used to finance two data centers in the cities of Chennai and Noida, with an aggregate capacity of 67 megawatts (MW), the company said in a statement.
The group's shares have lost more than $110 billion in value since January when Hindenburg Research alleged it had indulged in stock manipulation & improper use of tax havens.
The rally has led Adani Ports and Special Economic Zone Ltd to briefly recoup all its market capitalisation losses since a damaging report by Hindenburg Research.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Coaching centres for Army aspirants in Jhunjhunu are shutting down due to plummeting admissions in the face of a lack of job guarantees under Agnipath Scheme.
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