Adani
OCCRP Report: Adani Group entangled in fresh controversy over ‘opaque’ Mauritius funds
Thu, Aug 31, 2023
The Adani Group is facing fresh allegations of insider trading, this time from the Organised Crime and Corruption Reporting Project (OCCRP). George Soros backed non profit media organisation claims that millions of dollars were invested in some publicly traded stocks of the Adani group through "opaque" Mauritius funds.
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Adani Group stocks fall over 4% after OCCRP report on opaque Mauritius funds
Thu, Aug 31, 2023
Adani Group stocks fell up to 4% on August 31, 2023, after the Organized Crime and Corruption Reporting Project (OCCRP) said millions of dollars were invested in some publicly traded stocks of the group through opaque Mauritius funds. The OCCRP report cited a review of files from multiple tax havens and internal Adani Group emails. The Adani Group has rejected the allegations, calling them "recycled" and "baseless." The report has raised questions about the transparency of the Adani Group's financial dealings.
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Adani Ports SEZ shares decline more than 3% as Deloitte resigns as statutory auditor
Mon, Aug 14, 2023
APSEZ announced the appointment of MSKA & Associates as the new auditor. The resignation by Deloitte came weeks after the consultancy and tax advisory firm raised concern over certain transactions that were highlighted in a report by Hindenburg Research.
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TRENDING NOW
Deloitte resigns as auditor of Adani firm; co says auditor wanted wider audit remit over other group cos
Sat, Aug 12, 2023
In a statement, Adani Ports & Special Economic Zone (APSEZ) confirmed the resignation and appointment of MSKA & Associates as the new auditor. Deloitte has been the auditor of APSEZ since 2017. In July 2022, it was given another five-year term.
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Adani-Hindenburg row: SC asks SEBI about status of probe
Wed, Jul 12, 2023
The Supreme Court on Tuesday asked the Securities and Exchange Board of India (SEBI) about the status of its ongoing investigation into the allegations of stock price manipulation by the Adani group and said the probe has to be concluded expeditiously by the extended time it has granted till August 14.
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Adani Group statements to investors draw US regulatory scrutiny, Bloomberg reports
Fri, Jun 23, 2023
The U.S Attorney's Office in Brooklyn, New York, has sent inquiries in recent months to investors with large holdings in Adani Group, focused on what the Indian ports-to-power giant told them, Bloomberg News reported on Thursday.
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Adani Group Stocks: These 4 stocks rally as BSE, NSE increase circuit limits
Wed, Jun 07, 2023
Adani Group stocks: For Adani Green Energy, Adani Transmission, and Adani Wilmar, the circuit limits have been raised to 10% from 5% earlier and for Adani Power, the circuit limit has been increased to 20% from 5%.
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Adani-Hindenburg Saga: No evident pattern of manipulative contribution to price rise, says SC-appointed panel
Fri, May 19, 2023
Adani-Hindenburg Saga: The Supreme Court-appointed committee headed by retired judge A.M. Sapre probing the Adani-Hindenburg controversy said taking into account explanations provided by Sebi (Securities and Exchange Board of India), supported by empirical data, prima facie, it would not be possible for the committee to conclude there has been a regulatory failure around the allegation of price.
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Adani-Hindenburg Saga: Sebi probe into Adani drew blank, says SC-appointed panel
Fri, May 19, 2023
Adani-Hindenburg Saga: An expert committee appointed by the Supreme Court said it cannot conclude any regulatory failure around Adani Group's stock rallies, and that Sebi has "drawn a blank" in its probe into alleged violations in money flows from offshore entities into the conglomerate.
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Adani-Hindenburg Saga: SC-appointed committee says retail exposure in Adani Group increased after Hindenburg report
Fri, May 19, 2023
Adani-Hindenburg Saga: Supreme Court-appointed expert committee constituted to look into the Adani group shares crash triggered by the Hindenburg Research report has said empirical data showed that retail investors' exposure in the group has increased after January 24, 2023, when the report came out.
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Adani-Hindenburg Saga: 'No regulatory failure', says committee headed by ex-SC judge
Fri, May 19, 2023
Adani-Hindenburg Saga: The Supreme Court-appointed committee headed by retired judge A.M. Sapre probing the Adani-Hindenburg controversy said there was no regulatory failure in relation to compliance with the regulatory stipulations governing minimum public shareholding stipulation and "Hindenburg Report...contained no new data but was substantially a collection of inferences from data in the public domain".
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Adani-Hindenburg case: Sebi seeks more time for probe, says arriving at conclusion prematurely won't do justice
Mon, May 15, 2023
Further, the petition has also clarified that the allegation that SEBI is investigating Adani since 2016 is factually baseless as it has no relation and/or connection to the issues referred to and/or arising out of the Hindenburg Report.
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Why are Adani Total, Adani Transmission shares falling today?--Check Here
Mon, May 08, 2023
Trading in Adani Transmission and Adani Total Gas was halted on May 8 after shares suffered steep losses and hit a lower circuit. Adani Transmission shares hit their 5% lowe circuit limit at Rs 949.05 on BSE. The Adani Total Gas stock also hit its 5% lower circuit limit at Rs 872.90.
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Adani-Hindenburg row: Sebi moves Supreme Court seeking extension to complete probe
Sat, Apr 29, 2023
In an application moved before the court, Sebi submitted that for ascertaining possible violations related to misrepresentation of financials, circumvention of regulations and/or fraudulent nature of transactions, it would take six more months to complete the exercise.
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Govt afraid of JPC probe in Adani matter: Kharge
Thu, Apr 06, 2023
"They have a majority in Parliament and despite this the government is afraid of holding a JPC as this would give opposition parties an opportunity to go through all documents related to Adani matter," Kharge said in a press conference conducted by 19 opposition parties after the Lower House was adjourned sine die.
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Hindenburg Research, whose report in January rocked Adani stocks, hints at 'another big one'
Thu, Mar 23, 2023
Could US-based Hindenburg Research, whose report in late January rocked Adani group shares, be working on another big report? Well, that's what the US-based financial research company just hinted at in a Twitter post. It was a January 24 report by HIndenburg, accusing the Indian conglomerate of stock manipulation and misuse of offshore tax havens that sent Adani group stocks — from the likes of Adani Enterprises to Adani Ports — bleeding on Dalal Street, even as Adani group denied any wrongdoing. The Adani conglomerate also dismissed the Hindenburg report as baseless.
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