Mumbai: The Securities and Exchange Board of India (Sebi) – that has been struggling to source information, especially from foreign jurisdictions, which it needs to complete its investigation into the Adani-Hindenburg matter – has reached out to the Organized Crime and Corruption Reporting Project (OCCRP), seeking “key documents,” people close to the matter said. OCCRP, … Read more
About four months after US short-seller Hindenburg Research shook Indian financial markets with a bombshell report on the Adani Group, the conglomerate’s stocks are finding it hard to shake off the impact. While two of Adani’s 10 stocks have bounced back strongly, a full recovery to pre-Hindenburg levels looks a ways away. The group’s market … Read more
The Supreme Court of India. | Photo Credit: SUSHIL KUMAR VERMA Chief Justice of India D.Y. Chandrachud on February 24 refused point-blank a request to gag the media from reporting on the Adani-Hindenburg issue until the apex court passes an order on the formation of an expert committee. “No, there is no question of passing … Read more
. has shelved a plan to raise as much as 10 billion rupees ($122 million) via its first-ever public sale of bonds following a market rout, according to people familiar with the matter. The flagship firm of Indian billionaire Gautam Adani’s empire had planned the public note issuance for January, working with ., , , … Read more