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.
Pinarayi Vijayan once called Vellappally Natesan, the general secretary of SNDP Yogam, Kerala’s Pravin Togadia. Now he is giving his hate speech a free pass.
Republican Senator Lindsey Graham says bill will be 'well-timed, as Ukraine is making concessions for peace and Putin is all talk, continuing to kill the innocent'.
Islamabad-based think-tank PICSS's new report says Pakistan saw 'pronounced escalation' in violence last year, with 3,413 conflict-related deaths compared to 1,950 in previous year.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
COMMENTS