The US short seller, however, did not offer any more details on its next expose
Adani Group
Adani Enterprises
Adani Group reportedly suspends $4.23bn petrochemical project in Gujarat amid Hindenburg fiasco
The unit was to have a poly-vinyl-chloride (PVC) production capacity of 2,000 kilo tonne per annum, requiring 3.1 million tonnes per annum of coal that was to be imported from Australia, Russia and other countries
Adani Enterprises
GQG justifies $1.9 billion Adani Group investment as ‘reaction to opportunity’
Chairman Rajiv Jain says underlying businesses are extremely robust, cash flow is and the debt levels are normal for a utility business
Adani Enterprises
India’s Bank of Baroda to close Al Ain branch in UAE; denies social media rumors
The bank said it decided to close the UAE branch last year
Adani Enterprises
LIC’s Adani investments take a hit, with $6bn notional loss: Reports
The beleaguered Adani Group has been facing market rout in the last one month following allegations of ‘brazen stock manipulations’ and ‘massive accounting frauds’ by Hindenburg Research
Adani Enterprises
Adani Group’s market value drops below $100bn amid short-seller report fallout
The crisis has also dragged billionaire Gautam Adani’s net worth down to $49.10 billion, sending him from the 2nd to 25th rank on the global rich list, according to Bloomberg
Adani Enterprises
Adani stocks in free fall as four counters hit 5% lower circuit limit
The rout in the shares comes even as the embattled port-to-power group makes efforts to placate investors, feeding news about its plans to prepay some of the company loans
Adani Enterprises
Adani Group’s alleged wrongdoings trigger questions on ESG investment strategy: Report
ESG funds are investments which make investment commitment based on environmental, social, and governance factors
Abu Dhabi
Adani Group negotiates with Abu Dhabi’s IHC for capital infusion amid crisis: Report
The group is said to be looking at infusion of $1 to $1.5 billion ‘confidence capital’
Adani Enterprises
Adani stocks in freefall Thursday following MSCI news
The group flagship Adani Enterprises was the worst performer, locked in the 15 percent lower circuit limit
Adani Enterprises
Gautam Adani continues his steep fall in the list of world’s richest people
The Indian, who was second richest in the world less than three weeks ago, had tumbled out of the top-20; Now ranked 17th after rally in group stocks on Tuesday
Adani Enterprises
Adani crashes another $6bn on day 8 of Hindenburg scandal
The group belonging to the billionaire Indian businessman Gautam Adani was facing market ire following the release of the explosive report by Hindenburg Research on January 24, wiping out $133 billion in market valuation
Adani Group
Adani dollar bonds no good for loans, says Standard Chartered
Earlier the wealth investment unit of Citigroup and the lending arm of Credit Suisse have stopped accepting Adani Group securities
Adani Enterprises
Adani scandal: India reveals investigation into Adani freefall, potential to tank country’s banks
The country market watchdog is also reportedly examining the rout of Adani Group shares and looking into any ‘possible irregularities’ in the $2.45 billion FPO of its flagship company
Adani Group
Adani Group calls off $2.5bn FPO to ‘protect’ investors
Adani Enterprise shares fell 31.6 percent below offer price after a terrible day at bourses
Adani Enterprises
India’s Gautam Adani out of world’s top 10 billionaires list
Meanwhile, the sell-off in Adani Group shares continued on Tuesday as Asia’s richest man seeks to complete a $2.5 billion equity sale by its flagship firm – Adani Enterprises – amid the turmoil triggered by the Hindenburg Research report
Adani Enterprises
Adani’s net worth collapses $20bn amid scandal
The Indian billionaire Gautam Adani has lost $28 billion in January so far