Gautam Adani’s empire hit by fresh allegations against India’s market regulator

  • 📰 cnnbrk
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 55%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Adani Group companies shed as much as $19 billion in market value on Monday after Hindenburg Research accused the Indian market regulator probing the group of having links to offshore funds also used by Adani.

Billionaire Gautam Adani’s flagship firm Adani Enterprises fell 2% in morning trade, while other companies in the group fell between 2% and 4.5%. Adani Enterprises and Adani Ports were among the biggest losers on India’s blue-chip Nifty 50 index. Total losses in Adani companies narrowed to $9 billion after the early plunge. Hindenburg, named after the 1937 airship disaster, is a New York-based short seller.

Adani also rejected the fresh allegations on Sunday and said its overseas holding structure was fully transparent. The SEBI asked investors on Sunday to remain calm and exercise due diligence before reacting to such reports. The original 2023 Hindenburg report led to an inquiry by the regulator that Buch heads, which is still underway. “We do not think SEBI can be trusted as an objective arbiter in the Adani matter,” Hindenburg said on Saturday.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 393. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Hindenburg alleges India market regulator chief had stake in offshore funds used by Adani GroupHindenburg alleged that the chairperson of India's market regulator Madhabi Puri Buch previously held investments in offshore funds used by the Adani group.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Hindenburg alleges India market regulator chief had stake in offshore funds used by Adani GroupHindenburg alleges India market regulator chief had stake in offshore funds used by Adani Group
La source: Investingcom - 🏆 450. / 53 Lire la suite »