Key Points
Adani Group stocks on Wednesday rallied up to 10% in anticipation of a favourable verdict from the Supreme Court later today in the Hindenburg case.. In the 10-pack group of stocks, Adani Energy Solutions was the top gainer as it shot up to 10% while Adani Total Gas was up 8% and NDTV 7%...
Shares of Adani Green Energy, Adani Wilmar, Adani Enterprises and Adani Power were trading 5-6% higher..
The Ahmedabad-based conglomerate's cash cow Adani Ports was up 3%...
Later in the day, a Supreme Court bench led by Chief Justice DY Chandrachud will announce its judgement on a batch of pleas over allegations made in the US-based Hindenburg Research report claiming that billionaire Gautam Adani had carried out the "largest con in corporate history"...
At one point last year, the combined market capitalisation of all 10 Adani stocks had fallen to less than half but gradually recovered following a spate of positive news, including investment by white knight GQG Partners.. While acting on PILs made in the aftermath of the Hindenburg report, the apex court had formed a six-member panel headed by former Supreme Court judge Justice AM Sapre that filed a report in May saying it cannot conclude whether there was any regulatory failure on the part of Sebi...
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2023 drilled $35 billion hole in tycoon Gautam Adani's wallet
19, Dec, 23In pre-Hindenburg days, the maverick businessman's wealth saw a gravity-defying one-way movement that took him to the position of world's second richest man for a brief period. With his fortune being estimated at around $85 billion, Adani is now the second richest Indian after Mukesh Ambani.
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15, May, 23International Business News: NEW DELHI: The Securities and Exchange Board of India apprised the Supreme Court on Monday that the market regulator is already investigating Adani Gr.
ET Explains: Allegations against Adani Group, Sebi probe and SC Order
05, Jan, 24Supreme Court recently rejected pleas to either form a special investigation team (SIT) or direct the Central Bureau of Investigation (CBI) to probe US short-seller Hindenburg Research's charges against the infrastructure conglomerate. Now, Sebi will now be the sole regulator examining allegations of rule violations by Adani Group. The case is based on US-based short seller Hindenburg Research published a report alleging malfeasance by the Adani Group.
Adani-Hindenburg case: 'Don't have to treat Hindenburg report as a statement of truth,' says SC
24, Nov, 23Earlier in the day, market regulator SEBI told the Supreme Court that it will not be asking for any more extension to complete its probe in the Adani-Hindenburg matter.
Adani-Hindenburg case: Supreme Court to pronounce judgment tomorrow
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Adani-Hindenburg issue: Review petition filed against SC's Jan 3 judgment
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