[ad_1] MUMBAI: GQG Partners, the largest non-promoting shareholder in the Adani Group, picked up another 1.8% in Ambuja Cements on Friday for nearly Rs 2,750 crore through block deals. With this buy, the US-based investment firm‘s current exposure to one of the biggest cement makers in India went up to 3.1% from 1.3% earlier. This…
[ad_1] Billionaire Gautam Adani’s ports-to-energy conglomerate saw June quarter pre-tax profit surge by 33 per cent on back of strong performance by core infrastructure business as also emerging businesses ranging from solar and wind manufacturing to airports. “EBITDA (in April-June) surged by 32.87 per cent year-on-year to reach Rs 22,570 crore, resulting in a trailing…
[ad_1] Mumbai: Despite a muted broader market, Adani group’s stocks continued to slide in Wednesday’s session as investors weighed in the negative impact of the latest Hindenburg Research‘s report that alleged that Sebi chairperson had investments in the same offshore fund that was used by a Adani family member to jack up stock prices. However,…
[ad_1] Adani Group stocks latest news: Following allegations against Sebi chief Madhabi Buch in the Adani vs Hindenburg controversy, shares of Adani Group companies experienced a decline of up to 7% on Monday morning, as many investors opted for a cautious approach. Consequently, investors suffered a loss of approximately Rs 53,000 crore, with the combined…
[ad_1] NEW DELHI: Sebi chief Madhabi Puri Buch and her husband Dhaval Buch on Sunday rejected the claims of the fresh Hindenburg Research report alleging that the market regulator body chairperson had stakes in “obscure offshore entities used in Adani money siphoning scandal”.Issuing a point-by-point rebuttal, Madhabi Buch and her husband trashed allegations of impropriety…
[ad_1] MUMBAI: Markets regulator Sebi on Sunday said that US-based short-seller Hindenburg Research‘s latest report was “inappropriate” and that it had “adequate internal mechanisms for addressing issues relating to conflict of interest“. In its report, Hindenburg has alleged conflicts of interest by Sebi chairperson Madhabi Puri Buch. Sebi has asked investors to take an informed…
[ad_1] NEW DELHI: The Adani Group on Sunday vehemently denied the latest allegations made by US-based short seller Hindenburg Research. The group characterized the allegations as “red herrings thrown by a desperate entity with total contempt for Indian laws.”The new Hindenburg report claimed that Sebi chairperson Madhabi Buch and her husband had stakes in offshore…
[ad_1] NEW DELHI: Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and her husband Dhaval Buch have refuted the allegations made against them by Hindenburg Research, a US-based short-seller, in its recent report. The statement was released shortly after Hindenburg Research claimed that the couple had stakes in “both the obscure offshore…
[ad_1] NEW DELHI: Hindenburg Research, a US-based firm, has recently hinted at a potential new report focused on India, more than a year after it made allegations against the Adani group of companies, accusing them of insider trading and other stock market violations.The cryptic message, posted on the company’s X social media account, simply stated,…
[ad_1] MUMBAI: Adani Enterprises, the flagship of the Adani Group, plans to launch a $1-billion share sale by mid-Sept, Reuters reported.The offering of existing shares will mark Adani Enterprises’ return to the capital market after it withdrew a $2.5-billion follow-on offering in Feb last year after US short seller Hindenburg Research accused the conglomerate of…
