Hindenburg Research, the firm known for its short-selling reports, is shutting down. Founder Nate Anderson made the announcement Wednesday. The firm’s research led to significant financial losses for Indian billionaire Gautam Adani and his companies. Anderson said the closure was planned after finishing their current projects. “As I’ve shared with family, friends and our team … Read more
Individual stock holdings in eight of the group’s 10 listed companies rose between December 2022 and September-end this year, according to quarterly shareholding data compiled by Bloomberg. This likely left retail investors exposed to last week’s $30 billion selloff in those shares after US charged Gautam Adani with helping drive a $250 million bribery scheme. … Read more
Shriram Subramanian, Founder & MD, InGovern, says Kotak would likely be acting as just a creator of a fund where someone else’s funds are used. US-based short-seller Hindenburg Research whose report on the Adani Group last year triggered a rout in the group’s stocks, has come out with a note stating India’s market regulator Sebi … Read more
NEW DELHI: NRI investor Rajiv Jain‘s GQG Partners, which had made a brave contra call by investing over Rs 15,000 crore in Adani stocks in the peak of the Hindenburg-led stock rout, has raised its stake in Adani Group by about 10%. “Within five years, we would like to be one of the largest investors … Read more
MSCI Inc will reduce the foreign inclusion factor (FIF) for Adani Total Gas and Adani Transmission during index review exercise later this month, the global index aggregator said in a release late Friday. Free float is defined as the proportion of outstanding shares available to buy or sell in public markets by international investors. MSCI … Read more
MSCI ESG Research said on Friday it recently changed some of its environmental, social and governance assessments of Adani Group entities, after the Indian conglomerate was caught up in a short-selling storm in recent weeks. Seven listed Adani Group companies lost over $100 billion in market value combined after a Jan. 24 report by Hindenburg … Read more
The Adani Group has begun discussions with global credit funds to raise up to $400 million in debt against assets of a key coal port that makes up a large portion of the conglomerate’s Australian exports of the solid fossil fuel from the controversial Carmichael mine, sources aware of the fund-raising told ET. Adani family … Read more
NEW DELHI: After weeks of getting hammered by bears, Adani stocks had their best day in a month on Thursday as investors showed buying interest at lower levels. Out of the 10 Adani stocks, eight were trading in the green zone, with NDTV and Adani Power locked in their 5% upper circuit limits. Adani Group’s … Read more
Art school teacher Sagar Kambli gives final touches to a painting of Gautam Adani in Mumbai on February 3, 2023. | Photo Credit: AFP Caught between a row over the price of coal and this week’s crash in its share valuations and credit ratings, the Adani Power project planned as a major Indian infrastructure push … 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