Opposition parties on Thursday sought a probe into the allegations raised against the Adani Group by US short-seller firm Hindenburg and the subsequent mayhem on company stocks. Congress president Mallikarjun…
Category: Companies
HDFC Q3 net profit rises 13% to Rs 3,691 cr
Housing finance firm HDFC on Thursday reported 13% jump in net profit at Rs 3,691 crore for the quarter ending December 31, 2022 as against Rs 3,261 crore in the year-ago…
How Adani Enterprises FPO cancellation will impact its airport, road and green hydrogen plans
Adani Enterprises Ltd (AEL), the battered Adani Group’s incubator, had planned to deploy Rs 3,335 crore from its follow-on public offering (FPO) immediately in the last two months of current…
Adani FPO withdrawal: Trinamool leader Mahua Moitra lashes out at Gautam Adani, asks SEBI for probe report
Trinamool Congress MP Mahua Moitra lashed out at Gautam Adani, Founder and Chairman of Adani group, after he declared that his company will withdraw the Rs 20,000 crore follow-on public…
‘Moral obligation’: Gautam Adani says investor interest paramount after cancelling FPO
Gautam Adani, in a video statement early Thursday morning, said that investor interest is paramount, which was why they cancelled the follow-on public offer (FPO) after it was fully subscribed.…
Citigroup’s wealth arm stops accepting Adani Group securities
Citigroup Inc’s wealth arm has stopped accepting Adani Group securities as collateral for margin loans. This comes as banks ramp up scrutiny of the Gautam Adani-led conglomerate’s finances following the…
Hindenburg bet against India’s Adani puzzles rival U.S. short sellers
When Hindenburg Research revealed a short position in Adani Group last week, some U.S. investors said they were intrigued about the actual mechanics of its trade, because Indian securities rules…
Adani Enterprises calls off Rs 20,000-cr FPO, money to be returned to investors
Adani Enterprises, the flagship arm of Adani Group, on Wednesday announced withdrawal of its Rs 20,000-crore follow-on public offer (FPO) amid current market volatility. “Given the unprecedented situation and the…
SEBI examining Adani Group shares rout: Report
India’s market regulator is examining a recent crash in shares of Adani Group and looking into any possible irregularities in a share sale by its flagship company, a source with direct knowledge of…
Adani Group: The curious case of Credit Suisse
Switzerland-based global financial major Credit Suisse is in the news for its stance taken on the bonds of some of the group entities of the Adani Group even as its…