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
Mumbai: The Adani Group will seek to refinance about $1.2 billion worth of foreign-currency bonds ahead of maturity and prune discretionary capital expenditure, key finance executives at the conglomerate told investors during a conference call late Thursday. Further, the group will prepay all loans against shares over the next few weeks. Adani Group’s chief financial … Read more
Mumbai: A number of global special situation funds – high-yield and distressed-debt specialists – bought large amounts of foreign currency bonds of Adani Group firms in the days following the January 24 Hindenburg report, three people directly aware of the matter said. These funds now collectively own Adani bonds worth close to $1 billion, they … Read more
In this long exposure image, the logo of the Adani Group is seen on a building in Mumbai on January 27, 2023. | Photo Credit: Reuters Ahmedabad-based Adani Group on Sunday night issued a detailed rebuttal to the allegations of “stock manipulation and accounting malpractices” levelled by U.S.- based short seller Hindenburg Research, dismissing all … Read more