Tag: Hindenburg Research

“Interest of my investors is paramount…,” Gautam Adani’s first response after calling off Rs 20,000 crore FPO

Gautam Adani said it would not be "morally correct" to go ahead with the Rs 20,000-crore share in current market condition.

February 2, 2023

Shares of Adani Enterprises nosedive 27 per cent on Wednesday

Data showed the demand for the FPO was led by non-institutional investors, and they subscribed to the shares 3.26 times.

February 1, 2023

Adani Group answers all 88 questions raised by Hindenburg Research; including age of its auditors

The research firm, in its report, raised concerns about shares of Adani group companies having a possibility of declining from their current levels, owing to high valuations.

January 30, 2023

As short selling report roils markets, SBI defends exposure

India's largest lender State Bank of India (SBI) said on Friday that its exposure to the Adani Group was well below the Reserve Bank of India's (RBIs) Large Exposure Framework and was secured by cash generating assets.

January 28, 2023

Adani evaluating remedial and punitive action against Hindenburg Research

The maliciously mischievous, unresearched report published by Hindenburg Research on January 24 has adversely affected the Adani Group, our shareholders and investors, the Adani Group said in a statement on Thursday.

January 26, 2023