Key Points
Shares of Adani Enterprises jumped on Thursday after a report indicated that the flagship firm of Adani Group is considering a stock sale, less than four months after a scathing report by US short-seller Hindenburg Research left it fighting a confidence crisis...
Adani Enterprises shares were up 5.22 per cent to Rs 1,991 at 12:52 pm as investors grew optimistic about the prospect of a fresh stock sale..
The flagship company of the Adani Group said in a statement on Wednesday that the decision on stock sale will be taken at a board meeting on May 13...
While the company did not disclose how much money it intends to raise, it will determine whether investors still have an appetite for the groups flagship company after its Rs 20,000 crore follow-on public offer (FPO) was shelved...
The share sale would mark an important event in Adani Groups path to recovering lost ground after the Hindenburg-triggered crisis..
You might be interested in
Not aware of any subpoena to investors, says Adani on reports of action by US authorities
23, Jun, 23Billionaire Gautam Adani's conglomerate Adani Group on Friday said it was not aware of any subpoena being issued to its various investors by authorities in the United States. The company also reiterated that its various issuers' groups remain confident that the disclosures issued by the company are full and complete.
Stock bearing the brunt of Adani rout is at risk of more losses
20, Feb, 23India Business News: Concerns about access to overseas financing at the Adani Group remain even as the equity-market shock from allegations of stock manipulation and accou
Adani group draws regulatory scrutiny in the US after Hindenburg Research report
23, Jun, 23India Business News: The US Attorney’s Office in Brooklyn and the Securities and Exchange Commission are investigating the Adani Group following short seller Hindenburg Re
1 month on: Adani mcap loss at $142 billion, some stocks still stuck at lower circuit
24, Feb, 23India Business News: After Thursday's loss, the stock has now lost nearly 80% of its value since January 25, the day after US short-seller Hindenburg Research published a
Adani-Hindenburg case: Supreme Court to pronounce judgment tomorrow
02, Jan, 24The judgement would be delivered by a bench headed by Chief Justice DY Chandrachud, which had reserved its order on a batch of pleas last month.
Adani CFO slams 'misleading' reports on debt repayment
29, Mar, 23Taking to Twitter, Jugeshinder Robbie Singh said the deliberate subterfuge will be clear to all once exchanges update the data post end of quarter. Earlier, a report by The Ken claimed that the present data available with the exchanges is not matching with the conglomerate's statement of repaying all the $2.15 billion of share-backed debt.
Gautam Adani blames vested interests for exploiting Hindenburg claims
27, Jun, 23Adani Group founder Gautam Adani has claimed that vested interests exploited the aftermath of the short seller Hindenburg's report, which caused a drop in the group's market capitalisation. In a letter to shareholders, Adani accused unnamed parties of spreading false claims across news and social media platforms. While Sebi continues to investigate the allegations levelled by Hindenburg, a panel appointed by the Supreme Court has found no evidence of any individual or group manipulating stock price rises. Adani now aims to complete construction of the group's projects ahead of schedule and boost its revenue.
The short seller that took on Gautam Adani made surprisingly little money
28, Jul, 24When Hindenburg Research published a report into Gautam Adani’s sprawling business empire in January 2023, accusing Asia’s then richest man of fraud going back decades, the impact was immediate and explosive: about $100 billion was wiped off the value of his companies.