Adani

After a report from Hindenburg Research resulted in massive fall of Adani companies' shares on Wednesday, Adani Group said that the report from the American ...

$218 billion) Indian conglomerate Adani Group has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades. [report from Hindenburg Research](https://www.outlookindia.com/business/adani-group-s-stocks-crash-after-hindenburg-report-alleges-fraud-lose-rs-46-000-crore-in-market-cap-report-news-256609) resulted in massive fall of Adani companies’ shares on Wednesday, Adani Group said that the report from the American short-seller is a mala fide attempt at sabotaging [ Adani Enterprises’ FPO](https://www.outlookindia.com/business/adani-enterprises-rs-20-000-crore-fpo-to-begin-on-january-27-check-lot-size-fpo-price-band-retail-investor-discount-and-other-details-here-news-254648) that is scheduled to open on January 27. [Adani Group](https://www.outlookindia.com/topic/adani-group) said in a statement that Hindenburg’s report selectively used false information to claim that the conglomerate was involved in fraudulent activities.

Aautam adani: Hindenburg Research said that it was shorting Adani group's stocks and accused the firms of 'brazen' market manipulation and accounting fraud.

The Adani Group, which is India’s leader in infrastructure and job creation, is a diverse portfolio of market-leading businesses managed by CEOs of the highest professional calibre and overseen by experts in various fields for several decades. "The report is a malicious combination of selective misinformation and stale, baseless and discredited allegations that have been tested and rejected by India's highest courts. [Adani Group](/topic/adani-group) on Wednesday said that the Hindenburg Research report was released on January 24 without making any attempt to contact them or verify the facts.

Hindenburg Research in its report held short positions in Adani Group, accusing the conglomerate of improper extensive use of entities set up in offshore ...

Hindenburg's report said that five of seven key listed Adani companies have reported current ratios — a measure of liquid assets minus near-term liabilities — below 1. While the report later corrected some calculation errors, CreditSights said it maintained its concerns over leverage. Stating that the allegations in the report “have been tested and rejected by India’s highest courts,” Mr. “We are shocked that Hindenburg Research has published a report on 24 January 2023 without making any attempt to contact us or verify the factual matrix,” Adani’s Group CFO Jugeshinder Singh said in a statement. Adani has repeatedly dismissed debt concerns, and Mr. Our informed and knowledgeable investors are not influenced by one-sided, motivated and unsubstantiated reports with vested interests.”

Well-known US activist investor Hindenburg Research has alleged that Adani Group was "engaged in a brazen stock manipulation and accounting fraud", ...

It had also stated that over the past decade, the group had worked to improve its "debt-metrics through our capital management strategy". Hindenburg claimed to have uncovered "rudimentary efforts seemingly designed to mask the nature of some of the shell entities." CreditSights later corrected some calculation errors but maintained that it had "concerns" over its debt. Adani Group stocks fell after the report but recouped some of the losses. "Our informed and knowledgable investors are not influenced by one-sided, motivated and unsubstantiated reports with vested interests." The report comes ahead of a Rs 20,000 crore follow-on share sale of Adani Group's flagship Adani Enterprises.

A US-based financial forensic firm has alleged that India's Adani Group, led by the world's third-richest person Gautam Adani, is involved in a massive and ...

Shares of Adani Group’s seven listed entities plunged by up to 7% on Indian stock markets at the time of publishing today. It is being touted as the largest FPO in Indian history. A major chunk of the Indian taxpayer’s money is held by these government-run entities. Despite this, they have collectively moved billions of dollars into Indian Adani publicly listed and private entities, often without required disclosure of the related party nature of the deals,” the report said. 24), the New York-based short seller said the $218 billion conglomerate was “pulling the largest con in corporate history.” “We have identified 38 Mauritius shell entities controlled by Vinod Adani or close associates.

Billionaire Gautam Adani's personal wealth saw an erosion of up to $5.9 billion during the day after the conglomerate shares dropped up to 10% on Wednesday following a negative report by American short-selling firm Hindenburg Research. Hindenburg report ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). [report](https://economictimes.indiatimes.com/markets/stocks/news/hindenburg-says-holds-short-positions-in-adani-group-companies/articleshow/97296546.cms)which raised several allegations around accounting and corporate governance practices, besides heavy debt pile, [Adani Group stocks tanked up to 10% during the day](https://economictimes.indiatimes.com/markets/stocks/news/adani-group-stocks-lose-up-to-5-after-hindenburg-reveals-short-positions/articleshow/97298160.cms). Gautam Adani sees heavy wealth erosion](https://economictimes.indiatimes.com/markets/stocks/news/6-billion-gone-in-a-day-gautam-adani-sees-heavy-wealth-erosion-after-shares-tank-up-to-10/articleshow/97301508.cms) For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) Our informed and knowledgeable investors are not influenced by one-sided, motivated and unsubstantiated reports with vested interests," the statement said. "We are shocked that Hindenburg Research has published a report on 24 January 2023 without making any attempt to contact us or verify the factual matrix.

Adani Group said that the Hindenburg Research report is a “malicious combination of selective misinformation and stale, baseless and discredited ...

The Hindenburg report stated that the Adani Group engaged in “accounting fraud, stock manipulation and money laundering” over the course of decades. All seven listed Adani Group stocks cracked today after the report flagged risks to the financials of its key companies. The report said that Gautam Adani’s brother Rajesh Adani and brother-in-law Samir Vora, who played key roles in the diamond trading import/export scheme using offshore shell entities to generate artificial turnover, are integral parts of the conglomerate. The investor community has always reposed faith in the Adani Group on the basis of detailed analysis and reports prepared by financial experts and leading national and international credit rating agencies. Singh also said that the company has always been in compliance with laws and maintains the highest levels of corporate governance. “We are shocked that Hindenburg Research has published a report on 24 January 2023 without making any attempt to contact us or verify the factual matrix.

A report published by American financial research firm Hindenburg Research has put Gautam Adani-led Adani Group in a difficult spot.

As Adani Enterprises gears up for its upcoming FPO, which is India’s largest FPO till date, it is evident that the Hindenburg report has dampened the excitement for Adani stocks in the market. However, after a follow-up meeting with some Adani Group executives, CreditSights clarifed that the firm had made some misjudgments in the report. The group further claimed that the report has [mala fide intentions](https://www.outlookindia.com/business/hindenburg-report-is-malicious-attempt-to-damage-adani-enterprises-fpo-says-adani-group-news-256635) and that it is timed to sabotage the upcoming FPO of Adani Enterprises. In October 2022, S&P Global Ratings withdrew its rating for Adani Transmission at the company’s request. The conglomerate’s debt levels came under scrutiny which consequently sent the shares of Adani companies tumbling on the bourses. [Adani Group](https://www.outlookindia.com/topic/adani-group) retorted that Hindenburg’s accusations are based on misinformation and termed it as 'stale and baseless'.

New Delhi: The Adani Group said that it is shocked that Hindenburg Research had published a report on January 242 without making any attempt to contact us ...

The Group has always been in compliance with all laws, regardless of jurisdiction, and maintains the highest standards of corporate governance, Singh said. “The investor community has always reposed faith in the Adani Group on the basis of detailed analysis and reports prepared by financial experts and leading national and international credit rating agencies. In a statement, Jugeshinder Singh, Group CFO, Adani, said the report is a malicious combination of selective misinformation and stale, baseless and discredited allegations that have been tested and rejected by India’s highest courts.

Shares of Adani Total Gas, Adani Enterprises, Adani Transmission, Adani Green Energy, Adani Ports, Adani Power and Adani Wilmar were down 2-6 per cent, ...

Adani Group CFO Jugeshinder Singh also slammed the report and said, "We are shocked that Hindenburg Research has published a report on 24 January 2023 without making any attempt to contact us or verify the factual matrix. Adani Group has refuted the research report by Hindenburg and called it malicious. It may be noted that the report has been released just days ahead of a $2.5 billion share offering (Follow on Public Offer) by flagship firm Adani Enterprises.

Adani Group पर धोकाधड़ी का आरोप लगाया गया है। इस खबर के आते ही कंपनी के शेयरों में गिरावट ...

इस रिपोर्ट के सामने आने के बाद अदाणी ग्रुप के CFO ने कहा कि रिपोर्ट में शामिल चीजों की जानकारी के लिए उससे संपर्क करने का कोई प्रयास नहीं किया गया और सामने आई रिपोर्ट को देखकर वह हैरान रह गए हैं। यह गलत सूचनाओं, निराधार और बदनाम आरोप एक दुर्भावनापूर्ण संयोजन है। इन आरोपों को भारत की सर्वोच्च अदालतों ने परखा और खारिज किया है। दूसरी तरफ, अदाणी ग्रुप ने आरोप को दुर्भावनापूर्ण, निराधार और एकतरफा बताया है। कंपनी के मुताबिक, इस बात को कंपनी के शेयरों को बर्बाद करने के इरादे से किया गया है। बता दें कि यह खबर तब आई है, जब अदाणी समूह की कंपनी अदाणी एंटरप्राइजेज (Adani Enterprises) के FPO को आने में एक सप्ताह का समय रह गया है। नई दिल्ली, एजेंसी। भारत के सबसे अमीर व्यक्ति गौतम अदाणी के अदाणी ग्रुप (Adani Group) पर एक बड़ा आरोप लगा है। जाने-माने अमेरिकी कार्यकर्ता निवेशक हिंडनबर्ग रिसर्च ने आरोप लगाया है कि अदाणी समूह शेयरों में हेरफेर करने और अकाउंटिंग में धोखाधड़ी में शामिल था। हिंडनबर्ग ने बताया कि यह बात दो साल की जांच रिपोर्ट के बाद सामने आई है।

Adani Group Stocks: अडानी समूह के शेयर बाजार में लिस्टेड सभी 9 शेयरों में भारी बिकवाली देखी जा ...

अडानी समूह ने कहा कि ये रिपोर्ट चुनिंदा गलत सूचनाओं और बासी, निराधार और बदनाम करने वाले आरोपों का एक दुर्भावनापूर्ण मिश्रण है जिसे भारत के उच्चतम न्यायालयों में परखा गया है और उसे कोर्ट द्वारा खारिज किया जा चुका है. अडानी समूह ने रिपोर्ट की टाइमिंग पर भी सवाल उठाए हैं. अडानी समूह द्वारा हाल ही में खरीदी सीमेंट कंपनियों- अंबुजा सीमेंट के शेयर 8.14 फीसदी और एसीसी 7.11 फीसदी की गिरावट के साथ कारोबार कर रहे थे. Adani Portfolio Stocks: बुधवार को अडानी समूह के शेयरों में बड़ी गिरावट देखी जा रही है. अडानी पोर्ट्स 6.10 फीसदी, अडानी ट्रांसमिशन 5.69 फीसदी, अडानी टोटल गैस 4.72 फीसदी, अडानी पावर 4.75 फीसदी, अडानी विल्मर 4.97 फीसदी, अडानी ग्रीन एनर्जी 3.67 फीसदी और अडानी इंटरप्राइजेज 1.57 फीसदी की गिरावट के साथ कारोबार कर रहा था. हिंडेनबर्ग रिसर्च की रिपोर्ट के चलते अडानी समूह के शेयरों में बड़ी गिरावट देखी गई.

अडानी समूह की कंपनियों के शेयरों में आज यानी बुधवार को भारी गिरावट देखने को मिली है।

Hindenburg Research report Adani Group: अडानी ग्रुप की कंपनियों के शेयरों में आज यानी बुधवार को तेज गिरावट देखने को मिली है। इस गिरावट की बड़ी वजह हिंडनबर्ग रिसर्च की एक रिपोर्ट है। रिपोर्ट में रिसर्च एजेंसी ने अडानी ग्रुप की कंपनियों को ओवरवैल्यूड बताया है। साथ ही समूह की कंपनियों के कर्ज को लेकर चिंता जाहिर की है। अडानी ग्रुप ने इस पूरी रिपोर्ट को खारिज किया है और इसे दुर्भावना से ग्रसित बताया है। बता दें, हिंडनबर्ग रिसर्च की लेटेस्ट रिपोर्ट में अडानी ग्रुप से 88 सवाल किए गए हैं। हिंडनबर्ग रिसर्च अपनी रिपोर्ट ने अडानी ग्रुप से 88 सवाल किए हैं। रिपोर्ट में समूह से पूछा गया है कि गौतम अडानी के छोटे भाई राजेश अडानी को ग्रुप का एमडी क्यों बनाया गया है। जबकि उनके ऊपर कस्टम टैक्स चोरी, फर्जी इंपोर्ट डॉक्यूमेंटेशन और अवैध कोयले का इंपोर्ट करने का आरोप लगाया गया था। एक अन्य सवाल में एजेंसी ने ग्रुप से पूछा है कि गौतम अडानी के बहनोई समीरो वोरा का नाम डायमंड ट्रेडिंग स्कैम में आने के बाद भी अडानी ऑस्ट्रेलिया डिवीजन का एक्जक्यूटिव डॉयेरक्टर क्यों बनाया गया है? अडानी समूह की कंपनियों के शेयरों में आज यानी बुधवार को भारी गिरावट देखने को मिली है। इस गिरावट की बड़ी वजह हिंडनबर्ग रिसर्च द्वारा प्रकाशित एक रिपोर्ट है। ग्रुप ने रिपोर्ट को खारिज कर दिया है।

अडानी ग्रुप के शेयर बुधवार को बड़ी गिरावट के साथ ट्रेड करते दिखे। हाल ही में खरीदे गए ...

At the closing bell, S&P BSE Sensex fell nearly 800 points or 1.27 per cent to settle at 60205.06, while the NSE Nifty 50 fell 1.25 per cent to settle below ...

Broader markets also fell due to increased volatility. The flagship Adani Enterprises fell about 1.54 per cent, while Adani Ports and Special Economic Zone dropped more than 6 per cent. Meanwhile, all the major sectoral indexes logged losses, with the heavyweight financials sliding over two per cent. - Broader markets also fell due to increased volatility At the closing bell, S&P BSE Sensex fell nearly 800 points or 1.27 per cent to settle at 60,205.06, while the NSE Nifty 50 fell 1.25 per cent to settle below 18,000.

Adani Group Hindenburg Report अदाणी ग्रुप पर धोकाधड़ी का आरोप लगाया गया है। इस खबर के आते ही कंपनी ...

इस रिपोर्ट के सामने आने के बाद अदाणी ग्रुप के CFO ने कहा कि रिपोर्ट में शामिल चीजों की जानकारी के लिए उससे संपर्क करने का कोई प्रयास नहीं किया गया और सामने आई रिपोर्ट को देखकर वह हैरान रह गए हैं। यह गलत सूचनाओं, निराधार और बदनाम आरोप एक दुर्भावनापूर्ण संयोजन है। इन आरोपों को भारत की सर्वोच्च अदालतों ने परखा और खारिज किया है। दूसरी तरफ, अदाणी ग्रुप ने आरोप को दुर्भावनापूर्ण, निराधार और एकतरफा बताया है। कंपनी के मुताबिक, इस बात को कंपनी के शेयरों को बर्बाद करने के इरादे से किया गया है। बता दें कि यह खबर तब आई है, जब अदाणी समूह की कंपनी अदाणी एंटरप्राइजेज (Adani Enterprises) के FPO को आने में एक सप्ताह का समय रह गया है। नई दिल्ली, एजेंसी। भारत के सबसे अमीर व्यक्ति गौतम अदाणी के अदाणी ग्रुप (Adani Group) पर एक बड़ा आरोप लगा है। जाने-माने अमेरिकी कार्यकर्ता निवेशक हिंडनबर्ग रिसर्च ने आरोप लगाया है कि अदाणी समूह शेयरों में हेरफेर करने और अकाउंटिंग में धोखाधड़ी में शामिल था। हिंडनबर्ग ने बताया कि यह बात दो साल की जांच रिपोर्ट के बाद सामने आई है।

Adani Group Shares : हिंडनबर्ग रिसर्च की एक रिपोर्ट सामने आने के बाद बुधवार को अडानी ग्रुप के ...

Hindenburg, which has short positions in Adani companies through US-traded bonds and non-Indian-traded derivative instruments, said key listed companies in the ...

Now, “he is on a roll and companies fear him”, he told the paper. Says the website: “We view the Hindenburg as the epitome of a totally man-made, totally avoidable disaster. Nikola was Anderson’s “breakthrough in size and notoriety”, Markopolos told the FT. “He is a world-class digger,” the report quoted Markopolos as saying of Anderson. “As an ambulance medic you are trying your best to heal things that are broken,” the FT report quoted him as saying. Hindenburg Research says on its website that the company specialises in forensic financial research.

On Wednesday, shares of Adani Enterprises declined 1.54% while those of Adani Green Energy, Adani Ports, Adani Power, Adani Total Gas, Adani Transmission ...

[Down 60% from 52-week high! Should you consider?](https://www.businesstoday.in/markets/company-stock/story/adani-enterprises-fpo-anchor-book-oversubscribed-issue-to-open-on-friday-should-you-consider-367491-2023-01-25) Promoters’ pledging in Adani Green and Adani Transmission stood at 4.36 per cent and 6.62 per cent, respectively. However, pledging by promoters in Adani Ports and Special Economic Zone and Adani Power stood at 17.31 per cent and 25.01 per cent, respectively. But investors should keep an eye on quarterly results and how the group will reduce its debt going ahead.” The issue will close on January 31, 2023. It is important to note that Hindenburg is a short-seller. Shares of Adani Enterprises declined 1.54 per cent to Rs 3,389.85 on January 25. Market watcher, Kranthi Bathini, Equity Strategist, WealthMills Securities said, “The timing of this report is contentious. Adani Enterprises’ Rs 20,000-crore FPO will open for subscription on January 27. In a regulatory filing, Adani Group said Hindenburg Research published the report without making any attempt to contact them or verify the factual matrix. Market capitalisation of the ten listed Adani Group stocks took a beating on Wednesday amid a report by Hindenburg Research claiming that the Indian conglomerate had engaged in stock manipulation and accounting fraud scheme over the course of last few decades.

रिसर्च फर्म हिंडनबर्ग रिसर्च की इस रिपोर्ट में कहा गया है कि अडानी ग्रुप कई सालों से ...

लेकिन Hindenburg Research की रिपोर्ट के आने के बाद अडानी ग्रुप के शेयरों में भारी बड़ी गिरावट देखी जा रही है. हालांकि बाद में अपनी रिपोर्ट में खामियों को स्वीकार करते हुए कहा है कि अडानी समूह की कंपनियों को लेकर उसके कैलकुलेशन में गलती की थी. इनमें इस दौरान अडानी समूह की कंपनियों के शेयरों में औसतन 819 फीसदी का उछाल आया है.’रिपोर्ट में कहा गया है कि अडानी की प्रमुख कंपनियों ने मोटा कर्ज ले रखा है. हमारे सहयोगी बिजनेस टुडे हिंडनबर्ग की रिपोर्ट के हवाले से लिखा है कि रिसर्च फर्म ने दावा किया है कि यह रिपोर्ट दो साल की तहकीकात के बाद जारी की गई है. इसका कारण समूह की सूचीबद्ध सात कंपनियों के शेयरों में आई जबरदस्त तेजी रही है. इस रिपोर्ट में कहा गया है कि अडानी ग्रुप कई सालों से स्टॉक मैनिपुलेशन और अकाउंटिंग फ्रॉड में शामिल है.

Adani Group Companies : शॉर्ट सेलर हिंडेनबर्ग रिसर्च ने अडानी ग्रुप की कंपनियों में शॉर्ट ...

The investment research firm in its report said that Adani Group has engaged in a 'brazen stock manipulation and accounting fraud scheme over the course of ...

Group CFO terms report a 'malicious combination of misinformation and stale, baseless and discredited allegations'

“Our research involved speaking with dozens of individuals, including former senior executives of the Adani Group, reviewing thousands of documents” and site visits in almost half a dozen countries, it said, adding that it had “taken a short position” on Adani group companies through U.S.-traded bonds and derivative instruments traded outside India. “The timing of the report’s publication clearly betrays a brazen, mala fide intention to undermine the Adani Group’s reputation with the principal objective of damaging the upcoming follow-on Public Offering from Adani Enterprises,” Group CFO Jugeshinder Singh said in a statement. The Adani group dismissed the report terming it a “malicious combination of selective misinformation and stale, baseless and discredited allegations”.

Market sources said there was Rs 6,000 crore allocation against a demand of Rs 9,000 crore. The blue chip names include Maybank Asia, ADIA, LIC, HDFC Life, SBI ...

The Group has always been in compliance with all laws, regardless of jurisdiction, and maintains the highest standards of corporate governance, Singh said. Our informed and knowledgeable investors are not influenced by one-sided, motivated and unsubstantiated reports with vested interests, the group said. Jugeshinder Singh, Group CFO, Adani said in a statement the report is a malicious combination of selective misinformation and stale, baseless and discredited allegations that have been tested and rejected by India’s highest courts.

India Business News: Adani Enterprises' $2.45 billion secondary share offering was subscribed 1.5 times by anchor investors, with bids from high profile ...

ADIA, Maybank Asia, Citigroup, Morgan Stanley and LIC did not immediately respond to Reuters' request for comment. Adani did not immediately respond to Reuters' request for comment. Maybank Asia, Citigroup Inc, Morgan Stanley and domestic insurer Life Insurance Corporation of India were among the bidders for the share sale, the source said.

Raises ₹6000 crore from anchor investors; Adani Enterprises will be raising ₹20000 crore through the FPO.

It said four of Adani’s listed companies are on the de-listing threshold due to high promoter ownership. The listing of the shares is expected by February 8. The price band is set at₹3,112–3,276 and retail investors get a discount.The basis of allotment is likely to be known by February 3, unblocking of funds the next day and credit of shares to demat account by February 5.

Shares of Adani Transmission fell 8.87 per cent to close at Rs 2511.75 per scrip on the BSE.

In addition, scrip of Adani Total Gas dived 5.59 per cent to end at Rs 3,668.15 apiece, while shares of Adani Wilmar and Adani Power tanked 5 per cent to settle the day at Rs 544.50 and Rs 261.10 per piece. [US activist investor Hindenburg Research in a report has alleged](https://indianexpress.com/article/business/hindenburg-alleges-brazen-fraud-by-adani-company-calls-it-malicious-baseless-8404042/) that Adani Group was engaged in brazen stock manipulation and accounting fraud over the course of decades. It went on to question the timing of the report, saying its publication ahead of the FPO “clearly betrays a brazen, malafide intention to undermine Adani Group’s reputation with the principal objective of damaging” the issue. [Delhi](https://indianexpress.com/section/cities/delhi/) Television (NDTV) fell by 5 per cent on the BSE. Shares of Adani Transmission fell 8.87 per cent to close at Rs 2,511.75 per scrip on the BSE. Shares of Adani Group companies tanked on Wednesday following a report which alleged that the conglomerate was “engaged in brazen stock manipulation and accounting fraud over the decades”.

Adani Group listed companies like Adani Total Gas, Adani Enterprises, Adani Transmission, Adani Green Energy, Adani Ports, Adani Power and Adani Wilmar fell ...

He also reiterated that the allegations made in the report have not been proven to date. Adani Group released an official statement to rubbish allegations levelled by Hindenburg Research in its report. The report also said that Adani Group’s seven key listed companies have an “85 per cent downside purely on a fundamental basis owing to sky-high valuations”.

The Adani Groups flagship company has allotted 1,82,68925 shares to over 30 institutional investors at Rs 3276 a share.

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. This happened after US-based Hindenburg Research claimed that the 7 key listed companies of the group are "85%+ overvalued even if you ignore our investigation and take the companies’ financials at face value." ADIA was allotted 4,68,320 shares or 2.6% of the anchor book, while ELM Park Fund, a Texas-based asset management firm, was allotted 10,35,108 shares or 5.67% of the anchor book. Nomura Singapore, which is also an existing shareholder, was allotted 1,95,364 shares or 1.07% of the total anchor portion. LIC was allotted 9,15,748 shares or 5% of the total anchor portion.

Marquee investors Maybank Securities and Abu Dhabi Investment Authority picked up stake in Adani Enterprises' $2.45 billion secondary share offering on ...

Adani Enterprises had last week set the floor price for the FPO at 3,112 rupees per share, with a price cap of 3,276 rupees. short seller as baseless, saying it was timed to damage its reputation ahead of a large share offering. Bidding for retail investors will start on Friday and close on Jan. Register for free to Reuters and know the full story A source told Reuters earlier in the day that anchor investors bid for shares worth 90 billion rupees ($1.10 billion), compared to the 60 billion rupees reserved for them. [(ADEL.NS)](https://www.reuters.com/companies/ADEL.NS) $2.45 billion secondary share offering on Wednesday, which coincided with a short-seller report that slammed the shares of Adani Group companies.

Investors in Adani Group companies lost a whopping ₹85000 crore in wealth after US activist investor Hindenburg Research released a lengthy report that ...

Group CFO terms report a 'malicious combination of misinformation and stale, baseless and discredited allegations'

“Our research involved speaking with dozens of individuals, including former senior executives of the Adani Group, reviewing thousands of documents” and site visits in almost half a dozen countries, it said, adding that it had “taken a short position” on Adani group companies through U.S.-traded bonds and derivative instruments traded outside India. “The timing of the report’s publication clearly betrays a brazen, mala fide intention to undermine the Adani Group’s reputation with the principal objective of damaging the upcoming follow-on Public Offering from Adani Enterprises,” Group CFO Jugeshinder Singh said in a statement. The Adani group dismissed the report terming it a “malicious combination of selective misinformation and stale, baseless and discredited allegations”.

Adani's companies trade at high premiums compared to Indian stock markets — Adani Enterprises is nearly trading five times more than the Nifty 50 Index. Adani ...

What’s more, the flagship company [Adani Enterprises Ltd.](/quote/ADE:IN) has jumped about 2,500% in the last five years, trumping even the likes of Elon Musk’s [Tesla Inc.](/quote/TSLA:US) [report](https://www.bloomberg.com/news/articles/2023-01-25/adani-group-stocks-drop-after-hindenburg-takes-short-position) is drawing attention to the multifold gains of the Adani Group of stocks — a potential blow to the empire of Asia’s richest man and the [personal wealth](https://www.bloomberg.com/news/articles/2023-01-25/gautam-adani-wealth-boom-under-fire-with-hindenburg-alleging-fraud-manipulation) he has amassed.

The flagship company of Adani Group raised ₹5984.9 crore from 33 institutional investors, including Maybank Securities, LIC, SBI Employees Pension Fund.

Hindenburg Research disclosed in the report that it has “taken a short position in Adani Group Companies through U.S.-traded bonds and non-Indian-traded ...

The market capitalisation of the Adani Group fell Rs 80,078 crore to Rs 18,37,978 crore in just a day. “Evidence of stock manipulation in Adani listed companies shouldn’t come as a surprise. According to the research report, as many as five of seven key listed companies have reported ‘current ratios’ below 1, indicating near-term liquidity pressure, the report alleged. Key listed Adani companies have also taken on substantial debt, including pledging shares of their inflated stock for loans, putting the entire group on precarious financial footing, it said. Adani Group CFO Jugeshinder Singh said, “We are shocked that Hindenburg Research has published a report on January 24, 2023, without making any attempt to contact us or verify the factual matrix. The investor community has always reposed faith in the Adani Group on the basis of detailed analysis and reports prepared by financial experts and leading national and international credit rating agencies.”

India Business News: The Adani Group on Wednesday slammed as "baseless" and "malicious" a damning report by a five-year-old US research firm that sent the ...

All Adani Group stocks slid sharply in early trades but recovered some of those losses to close at levels which were higher than the intraday lows. Hindenburg also said that it had taken a short position in stocks of Adani Group companies through offshore channels. The conglomerate, with interests in edible oil, energy and infrastructure, said it wasn't contacted before publishing the report.

India Business News: The billionaire's flagship firm Adani Enterprises Ltd fell 1.5%. Adani Transmission Ltd tumbled by 9%, the most among group stocks, ...

Investors and analysts have also flagged concerns over the high levels of debt seen in the empire’s listed units. “It will not only shine a light on the group, but also on corporate governance in India,” said Freitas. The Adani empire’s expansion plans are closely aligned to the government’s development and economic goals. The timing “clearly betrays a brazen, mala fide intention to undermine” and damage the share sale plan, said Singh. A prominent research outfit, Hindenburg is best known for its critical reports on companies in the electric vehicle industry. Hindenburg’s January 24 report details a web of Adani-family controlled offshore shell entities in tax havens, from the Caribbean, Mauritius and the United Arab Emirates.

Shares of Adani Group firms slid after short seller Hindenburg Research claimed Adani engaged in brazen stock manipulation. Now for the first time since ...

[alleged](https://hindenburgresearch.com/nikola/) then-Chairman Trevor Milton misled investors about the company's business. With a fortune of $160 billion, Tesla CEO Elon Musk is the world's second-richest person. The world's richest person remains luxury goods mogul Bernard Arnault, the chairman and CEO of Louis Vuitton parent LVMH. Over the past years, short-seller Hindenburg has helped spark regulatory investigations into multiple multi-billion-dollar companies. [Adani Group Shares Slide After Hindenburg Alleges ‘Largest Con In Corporate History’](https://www.forbes.com/sites/siladityaray/2023/01/25/adani-group-shares-slide-after-hindenburg-alleges-largest-con-in-corporate-history/) (Forbes) [India’s Gautam Adani Is Now Richest Asian Billionaire Ever As Fortune Jumps Past $100 Billion](https://www.forbes.com/sites/jemimamcevoy/2022/04/11/indias-gautam-adani-is-now-richest-asian-billionaire-ever-as-fortune-jumps-past-100-billion/) (Forbes) [Gautam Adani](https://www.forbes.com/profile/gautam-adani-1/), chairman of the sprawling Indian conglomerate Adani Group, ceded the title of the world's third-richest person to Amazon founder Jeff Bezos on Wednesday, after a famed short-seller released a scathing report accusing Adani of an alleged decades-long scheme to manipulate the firm's stock price—claims an Adani executive has vehemently denied.

Gautam Adani is on a mission to win public acceptance for his eponymous group. But what looks like an initial victory may turn bittersweet.

dollar bonds at Adani Green Energy [(ADNA.NS)](https://www.reuters.com/companies/ADNA.NS) and Adani Ports [(APSE.NS)](https://www.reuters.com/companies/APSE.NS) sold off sharply. [(GS.N)](https://www.reuters.com/companies/GS.N), Morgan Stanley [(MS.N)](https://www.reuters.com/companies/MS.N) and Citigroup [(C.N)](https://www.reuters.com/companies/C.N). [(ADAI.NS)](https://www.reuters.com/companies/ADAI.NS) and some U.S. 25 that it sold shares worth 60 billion rupees ($734 million) to anchor investors as part of a wider follow-on equity issue by the Indian company. The company’s shares closed unchanged at 3,442 rupees on Jan. Bidders included the Abu Dhabi Investment Authority (ADIA). Although the scheme still pops up – India’s Tata Steel [(TISC.NS)](https://www.reuters.com/companies/TISC.NS) used it in 2018 and Reliance Industries [(RELI.NS)](https://www.reuters.com/companies/RELI.NS) in 2020 – such instruments are unfashionable because they create an uncertain liability. The company on Jan. In good times, the buy-now-pay-later approach might boost the effective rewards on the stock for investors, who have the option to temporarily park the rest of the money they owe elsewhere. It is a milestone for the world’s third-richest man and his $230 billion infrastructure empire as it fights off concerns about debt, transparency and a cosy ownership structure, issues that were laid out in a [scathing attack](https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fhindenburgresearch.com%2F%3Fp%3D2376&data=05%7C01%7CThomas.Shum%40thomsonreuters.com%7C92f0aa2afedd4a29b5eb08daff35af09%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C638102903286784529%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=Q2btsGGzdBusFgkq6k8kSC8UuEnpN8sAkzx9VAOlIcY%3D&reserved=0) on Wednesday by short seller Hindenburg Research. [buy-now-pay-later approach](https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.breakingviews.com%2Fconsidered-view%2Freliance-makes-clever-use-of-buy-now-pay-later%2F&data=05%7C01%7CThomas.Shum%40thomsonreuters.com%7C92f0aa2afedd4a29b5eb08daff35af09%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C638102903286784529%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=%2BhHASFg8aU6JfrmQ8pYo1K5%2BZbrTOzKlMLNFf%2FbhXHc%3D&reserved=0) to lure investors by asking for only 50% of funds upfront. Investors are able to sell their partly paid shares any time before the final call date for funds, which is sometimes more than one year in the future.

Seven listed companies under the Adani Group fell sharply after a US investment research and activist short-seller firm accused it of stock manipulation and ...

They have nothing to worry about.” He further stressed the fact that the allegations made in the report have not been proven to date. So, whenever these kinds of allegations surface, the stocks tumble.” “They could’ve brought this report under the public domain months earlier. The points they have mentioned…it’s not new or something which happened yesterday or today,” Bathini said. This indicates that the report triggered panic selling among investors. Like other analysts, Bathini also questioned the timing of the report.

Adani Enterprises FPO : अडानी एंटरप्राइजेस ने कहा कि पब्लिक के लिए एफपीओ (FPO) खुलने से पहले उसने ...

Adani Enterprises FPO : अडानी एंटरप्राइजेस ने अपने एफपीओ के लिए एंकर इनवेस्टर्स से लगभग 6,000 करोड़ रुपये जुटा लिए हैं। अडानी ग्रुप की कंपनी ने बुधवार, 25 जनवरी को कहा कि पब्लिक के लिए एफपीओ (FPO) खुलने से पहले उसने एंकर इनवेस्टर्स से 2,992.4 करोड़ रुपये जुटा लिए हैं, जो लॉन्च हुई कुल एंकर बुक का आधा है। बाकी धनराशि का एंकर इनवेस्टर्स द्वारा बाद में एक या कई बार में भुगतान किया जाएगा। कंपनी ने 3,276 रुपये प्रति शेयर के ऑफर प्राइस पर 1.82 करोड़ शेयरों की अपनी एंकर बुक खोली थी, जो कुल 5,984.9 करोड़ रुपये की है। Adani Enterprises ने कहा कि एंकर इनवेस्टर्स बाकी 1,638 रुपये प्रति शेयर की धनराशि और कुल धनराशि 2,992.4 करोड़ रुपये का भुगतान एक या ज्यादा बार में करेंगे Adani Enterprises FPO : अडानी एंटरप्राइजेस ने कहा कि पब्लिक के लिए एफपीओ (FPO) खुलने से पहले उसने एंकर इनवेस्टर्स से 2,992.4 करोड़ रुपये जुटा लिए हैं, जो लॉन्च हुई एंकर बुक का आधा हिस्सा है। एंकर इनवेस्टर्स बाकी धनराशि का बाद में एक या कई बार में भुगतान करेंगे। कंपनी ने 3,276 रुपये प्रति शेयर के ऑफर प्राइस पर 1.82 करोड़ शेयरों की अपनी एंकर बुक खोली थी, जो कुल 5,984.9 करोड़ रुपये की है

The report tried to spread fear by alleging high pledge of Adani group stocks on inflated valuations.

But analysts are of the view that markets will stabilize and put the report behind due to the news of oversubscription of the anchor book of Adani Enterprises FPO. Further, the report tried to spread fear by alleging high pledge of Adani group stocks on inflated valuations. The share price of Adani Enterprises fell by 1.54 per cent. Shares of Adani Group stocks lost ₹46,000 crore in market cap after the Hindenburg report was circulated. The Nifty index fell 1.25 per cent or 226 points to close at 17,891. The news dragged down Sensex by 1.27 per cent or 773 points at 60,205.

Short-seller Hindenburg Research disclosed on Wednesday short positions in India's Adani Group, citing potential stock manipulation and accounting fraud in ...

Last year, it took a short and then a long position in Twitter Inc. In July, Anderson disclosed a "significant long position," betting against Musk. The company agreed in 2021 to pay $125 million to settle with the US Securities and Exchange Commission over its representations to investors. After finding potential wrongdoings, Hindenburg usually publishes a report explaining the case and bets against the target company, hoping to make a profit. Founded in 2017 by Nathan Anderson, Hindenburg Research is a forensic financial research firm which analyses equity, credit and derivatives. Short-seller Hindenburg Research disclosed on Wednesday short positions in India's Adani Group, citing potential stock manipulation and accounting fraud in a report.

The Adani Group has reacted strongly to the well-known US activist investor Hindenburg Research alleging “brazen accounting fraud, stock manipulation and ...

“The timing of the report’s publication clearly betrays a brazen, mala fide intention to undermine the Adani Group’s reputation with the principal objective of damaging the upcoming follow-on public offering (FPO) from Adani Enterprises, the biggest FPO ever in India,” he said. Another firm, Monterosa Investment, controls five funds that collectively hold over Rs 36,000 crore in Adani companies. - It said a two-year probe has shown that accounts of Adani companies with billions in turnover were audited by a hole-in-the-wall firm’s accountants who were “fresh out of school” - The $218-billion Adani Group’s shares lost $12 billion in market value after Hindenburg said it was shorting the stocks owned by Asia’s richest person Singh also questioned the timing of the report which was prepared without any attempt to contact the Group. Hindenburg said a two-year probe has shown that accounts of Adani companies with billions in turnover were audited by a hole-in-the-wall firm’s accountants who were “fresh out of school” and that Gautam Adani’s younger brother had consorted with financial fugitive Ketan Parekh and his accountant, who is also absconding.

It said that the maliciously mischievous, un-researched report published by Hindenburg Research on 24 January has adversely affected the Adani Group, ...

Investment research firm accused Indian conglomerate of 'brazen stock manipulation and accounting fraud'

"The volatility in Indian stock markets created by the report is of great concern and has led to unwanted anguish for Indian citizens. "We are deeply disturbed by this intentional and reckless attempt by a foreign entity to mislead the investor community and the general public, undermine the goodwill and reputation of the Adani Group and its leaders, and sabotage the FPO (Follow-on Public Offering) from Adani Enterprises," said the Adani statement. The "maliciously mischievous, unresearched" report affected the Adani Group, its shareholders and investors.

Founded in 2017 by Nathan Anderson, Hindenburg Research is a forensic financial research firm which analyses equity, credit and derivatives. On its website, ...

[Wall Street Journal](/topic/wall-street-journal)(WSJ) in 2020. Last year, it took a short and then a long position in Twitter Inc. [Milton](/topic/milton), Nikola's founder last year of fraud over allegations he lied to investors. Nikola debuted as a listed company in June 2020 and its valuation reached $34 billion some days after, surpassing [Ford Motor](/industry/ford-motor-news). After finding potential wrongdoings, Hindenburg usually publishes a report explaining the case and bets against the target company, hoping to make a profit. Founded in 2017 by Nathan Anderson, Hindenburg Research is a forensic financial research firm which analyses equity, credit and derivatives.

India Business News: The report and its unsubstantiated contents were designed to have a deleterious effect on the share values of Adani Group companies as ...

"Our research involved speaking with dozens of individuals, including former senior executives of Adani Group, reviewing thousands of documents, and conducting diligence site visits in almost half a dozen countries," it said. The report came just as a Rs 20,000 crore follow-on share sale of Adani Enterprises opened for institutional investors. "The maliciously mischievous, unresearched report published by Hindenburg Research on January 24, 2023 has adversely affected the Adani Group, our shareholders and investors. Adani Group has repeatedly dismissed debt concerns. The report and its unsubstantiated contents were designed to have a deleterious effect on the share values of Adani Group companies as Hindenburg Research, by their own admission, is positioned to benefit from a slide in Adani shares, he said. The volatility in Indian stock markets created by the report is of great concern and has led to unwanted anguish for Indian citizens," the group's lead head Jatin Jalundhwala said in a statement.

Many times, short sellers thrive on confusion and panic. When caught on the wrong foot, a short-seller could logically make unlimited losses.

These companies engage in stock parking and manipulation, and money laundering through the private companies into the listed ones, Hindenburg Research said. In 2022, Adani was the only billionaire among the top 10 to see an increase in his wealth. Hindenburg Research claimed it took it two years to come out with the Adani group investigation and felt the group stocks are commanding sky-high valuations, with a 85 per cent potential downside. “We are shocked that Hindenburg Research has published a report on 24 January 2023 without making any attempt to contact us or verify the factual matrix. For example, if a short seller expects a Rs 100 stock to fall to Rs 60-70 levels, he will borrow it from a broker and sell it to investors willing to pay Rs 100 for the stock. A Bloomberg report suggested that 30 companies that Hindenburg targeted since 2020 have on average lost about 15 per cent the next day. On its web portal, Hindenburg said: "The story garnered attention from mainstream international media, featured in the Wall Street Journal, Financial Times, CNN, Barron’s and CNBC, among others. Hindenburg made many allegations on Adani group including accounting frauds, stock manipulations and money laundering, while revealing that it has gone short on Adani group stocks. “It is important to note that Hindenburg is a short-seller. A short seller is one who sells a stock without owning it at the time of trade. He will buy the same stock back at Rs 60-70, if it falls, to cover his positions and earn Rs 30. A short seller sells a borrowed stock in hopes of making money by buying it back at a cheaper price later.

A report by Hindenburg detailed how Adani Group has “engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades”

“Today we reveal the findings of our 2-year investigation, presenting evidence that the... “The maliciously mischievous, unresearched report published by Hindenburg Research on 24 January 2023 has adversely affected the Adani Group, our shareholders, and investors. After the fall in its stocks, the Adani Group dismissed the report terming it a “malicious combination of selective misinformation and stale, baseless and discredited allegations.” On Wednesday, shares of the Adani Group’s listed companies, including its recently acquired cement and media units, fell across the board with losses ranging from 1.5% to 8% in the wake of the report that stated the company’s “substantial debt” had put the entire Group on a “precarious financial footing.” “We are deeply disturbed by this intentional and reckless attempt by a foreign entity to mislead the investor community and the general public, undermine the goodwill and reputation of the Adani Group and its leaders,” the statement quoted Mr. In a statement on January 26, the group’s legal head Jatin Jalundhwala stated that the report was an “intentional and reckless attempt by a foreign entity” and stressed that it was meant to “sabotage the FPO (Follow-on Public Offering) from Adani Enterprises.”

एक एंबुलेंस ड्राइवर, जिसकी रिपोर्ट से अडानी ग्रुप के शेयरों में आया तूफान! आपको बता दें ...

फोरेंसिक फाइनेंशियल रिसर्च फर्म Hindenburg Research ने Adani Group की कंपनियों को शॉर्ट किया है ...

Adani: अडानी समूह ने कहा, “हिंडनबर्ग रिसर्च की ओर से 24 जनवरी 2023 को प्रकाशित रिपोर्ट ...

Gautam Adani Wealth Loss: Forbes के अमीरों की सूची के मुताबिक गौतम अडानी का नेटवर्थ 6.5 अरब डॉलर घटकर ...

मंगलवार को अडानी समूह के सात लिस्टेड स्टॉक्स का मार्केट कैप 17.75 लाख करोड़ रुपये था जो घटकर 17.20 लाख करोड़ रुपये रह गया है. अडानी समूह ने कहा कि ये रिपोर्ट गलत सूचनाओं, बासी, निराधार और बदनाम करने वाले आरोपों का एक दुर्भावनापूर्ण मिश्रण है जिसे भारत के उच्चतम न्यायालयों में परखा गया है और उसे कोर्ट द्वारा खारिज किया जा चुका है. Hindenburg Research की रिपोर्ट पर अडानी समूह के ग्रुप सीएफओ जुगेशिंदर सिंह ने अपनी प्रतिक्रिया में कहा कि हम हिंडेनबर्ग रिसर्च की छपी रिपोर्ट से हैरान हैं क्योंकि उन्होंने हमसे बिना संपर्क किए या फिर सही तथ्यों को वेरिफाई किए बगैर रिपोर्ट पब्लिश किया है. अडानी समूह के स्टॉक्स के मार्केट कैप में 55,000 करोड़ रुपये के करीब गिरावट आ गई. स्टॉक एक्सचेंज पर लिस्टेड अडानी समूह की अलग अलग कंपनियों के स्टॉक्स मे 10 फीसदी तक की गिरावट देखने को मिली है. फोर्ब्स रियल टाइम बिलयनायर लिस्ट के मुताबिक गौतम अडानी का नेटवर्थ 5.17 फीसदी यानि 6.5 अरब डॉलर घटकर 119.1 अरब डॉलर रह गया है.

The group's founder Gautam Adani dropped to fourth on the list of the world's richest people as the conglomerate's listed companies continue to be hit by a ...

[our estimates](https://www.forbes.com/profile/gautam-adani-1/?list=rtb/&sh=260f0eff5b0e) Adani Group founder, Gautam Adani’s current net worth stands at $119.1 billion, down by more than $6.5 billion in the past 24 hours. In an emailed statement, Adani Group Legal Head Jatin Jalundhwala said the company was “evaluating the relevant provisions” under both U.S. [Adani Group Shares Slide After Hindenburg Alleges ‘Largest Con In Corporate History’](https://www.forbes.com/sites/siladityaray/2023/01/25/adani-group-shares-slide-after-hindenburg-alleges-largest-con-in-corporate-history/?sh=55bdcd0e3564) (Forbes) [Hindenburg vs Adani: The Short Seller Taking on Asia's Richest Person](https://www.bloomberg.com/news/articles/2023-01-26/short-seller-nate-anderson-s-hiindenburg-is-targeting-billionaire-gautam-adani?srnd=premium-asia#xj4y7vzkg) (Bloomberg) [disclosed](https://www.forbes.com/sites/siladityaray/2023/01/25/adani-group-shares-slide-after-hindenburg-alleges-largest-con-in-corporate-history/?sh=55bdcd0e3564) a short position against the Adani Group’s listed companies in a report published on Tuesday evening while accusing the company of engaging in “brazen stock manipulation and accounting fraud scheme over the course of decades.” The report made a series of scathing accusations including the alleged use of offshore shell companies for “stock manipulation” and “laundering money” through Adani Group’s private companies, onto the books of listed firms “in order to maintain the appearance of financial health and solvency.” The Adani Group has vehemently denied the accusations labeling them as “a malicious combination of selective misinformation and stale, baseless and discredited allegations that have been tested and rejected by India’s highest courts.” [report](https://www.forbes.com/sites/siladityaray/2023/01/25/adani-group-shares-slide-after-hindenburg-alleges-largest-con-in-corporate-history/?sh=55bdcd0e3564) calling it “maliciously mischievous [and] [disclosed short positions](https://www.forbes.com/sites/siladityaray/2023/01/25/adani-group-shares-slide-after-hindenburg-alleges-largest-con-in-corporate-history/?sh=55bdcd0e3564) against the group’s companies and accused the company’s founders of engaging in stock manipulation and fraud.

रिपोर्ट को अडानी समूह ने निराधार करार दिया है. अडानी ग्रुप ने इस पूरी रिपोर्ट को खारिज ...

हिंडनबर्ग आमतौर पर संभावित गलत कामों को खोजने के बाद एक रिपोर्ट प्रकाशित करता है, जिसमें मामले की व्याख्या की जाती है. पहले कंपनी ने मई- 2022 में एक छोटी रिपोर्ट दी थी, लेकिन जुलाई में फिर एक विस्तृत रिपोर्ट सार्वजनिक की थी. अडानी ग्रुप ने इस पूरी रिपोर्ट को खारिज किया है और इसे दुर्भावना से ग्रसित बताया है. हिंडनबर्ग का कॉर्पोरेट गलत कामों को खोजने और कंपनियों के खिलाफ दांव लगाने का ट्रैक-रिकॉर्ड है. रिपोर्ट को अडानी समूह ने निराधार करार दिया है. हालांकि चंदे घंटे के बाद ही अडानी ग्रुप की ओर अमेरिकी फर्म Hindenburg की रिपोर्ट को तगड़ा जवाब दिया गया.

A report by American short-seller Hindenburg Research left Adani Group investors poorer by Rs 1 lakh crore in 1 day.

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). Adani Group stocks have seen a meteoric rise in the last few years. The valuations of the stocks too are sky high. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) His total wealth is estimated at $113 billion. The report and its unsubstantiated contents were designed to have a deleterious effect on the share values of Adani Group companies as Hindenburg Research, by their own admission, is positioned to benefit from a slide in Adani shares, the Ahmedabad-based conglomerate said.

New Delhi: The maliciously mischievous, unresearched report published by Hindenburg Research on January 24 has adversely affected the Adani Group, ...

We are evaluating the relevant provisions under US and Indian laws for remedial and punitive action against Hindenburg Research,” the Adani Group said. “Clearly, the report and its unsubstantiated contents were designed to have a deleterious effect on the share values of Adani Group companies as Hindenburg Research, by their own admission, is positioned to benefit from a slide in Adani shares,” he said. “The volatility in Indian stock markets created by the report is of great concern and has led to unwanted anguish for Indian citizens”, Jatin Jalundhwala, Group Head, Legal, Adani, said.

अमेरिकी निवेशक हिंडनबर्ग रिसर्च (Hindenburg Research) ने अडानी ग्रुप (Adani Group) की कंपनियों में ...

अमेरिकी रिसर्च फर्म Hindenburg की रिपोर्ट ने अडानी ग्रुप के सभी कंपनियों के लोन (Adani Group Debt) ...

शेयर बाजार में लिस्टेड अडानी ग्रुप की कंपनियों के शेयरों में जोरदार गिरावट देखने को मिली. Gautam Adani Group की ओर से जारी किए गए स्टेटमेंट में बीते 24 जनवरी 2023 को हिंडनबर्ग रिसर्च द्वारा प्रकाशित रिपोर्ट को खारिज करते हुए इसे दुर्भावना से ग्रसित बताया गया है. गणतंत्र दिवस यानी 26 जनवरी को अडानी ग्रुप की ओर से इस संबंध में एक स्टेटमेंट (Adani Group Statement) जारी किया गया है.

गौतम अडानी ग्रुप के लिए बुधवार का दिन कुछ ठीक नहीं रहा। समूह की लिस्टेड सभी 7 कंपनियों ...

Gautam Adani Networth: गौतम अडानी ग्रुप के लिए बुधवार का दिन कुछ ठीक नहीं रहा। समूह की लिस्टेड सभी 7 कंपनियों के बॉन्ड और शेयर पस्त नजर आए तो वहीं, गौतम अडानी की दौलत भी झटके में 48000 करोड़ रुपये कम हो गई। ये सबकुछ अमेरिका के Hindenburg रिसर्च की एक रिपोर्ट के बाद हुआ। बता दें कि इस रिपोर्ट में अडानी समूह को लेकर कई निगेटिव बातें कही गई हैं। इस निगेटिव रिपोर्ट का असर समूह के निवेशकों से लेकर गौतम अडानी तक पर पड़ा है। एक निगेटिव रिपोर्ट और झटके में डूब गए अडानी के ₹48,000 करोड़, शेयर से लेकर बॉन्ड तक धराशायी [हिंदी न्यूज़](/) [बिजनेस](/business/)एक निगेटिव रिपोर्ट और झटके में डूब गए अडानी के ₹48,000 करोड़, शेयर से लेकर बॉन्ड तक धराशायी

As Hindenburg Research grabs the limelight over its report on the Adani Group's alleged corporate fraud, we take a look at the famous Zeppelin disaster ...

While Hindenburg killed 35, the fifth most deadly airship disaster at the time (and till date), images of it falling out of the sky in flames found their way on the front pages of newspapers across the world. From gourmet dining to an aluminium concert piano that was placed in the ship’s “music salon,” the Hindenburg was the epitome of luxury. The airship became a popular choice for wealthy individuals to travel long distances in quick time and a lot of comfort. However, much like the Titanic a couple of decades ago, the Hindenburg would soon see its downfall. The Hindenburg made 17 round-trips across the Atlantic in 1936, 10 to the United States and seven to Brazil. This would culminate in the development of airships: operating with the same basic principle as hot air balloons but with far greater endurance and manoeuvrability.

Hindenburg report on Adani Group: In a statement by Jatin Jalundhwala, Group Head - Legal, Adani, said the volatility in Indian stock markets created by the ...

It also said that Hindenburg intends to undermine the goodwill and reputation of the Adani Group and its leaders in order to sabotage the upcoming Follow-on Public Offering (FPO). In an earlier response to the report, Adani Group had said that the Hindenburg report was a malicious attempt to damage the upcoming FPO. In its scathing report, Hindenburg had also said that it holds short positions in the Adani companies through US-traded bonds and non-Indian-traded derivatives, along with other non-Indian-traded reference securities. Adani Group said, “The maliciously mischievous, unresearched report published by Hindenburg Research on 24 Jan 2023 has adversely affected the Adani Group, our shareholders and investors. It also said that short-seller Hindenburg will benefit from a slide in Adani shares. In a statement by Jatin Jalundhwala, Group Head - Legal, Adani, said the volatility in Indian stock markets created by the report is of great concern.

Adani Group had released a statement earlier where it slammed the report prepared by Hindenburg Research and called it baseless. Now, the group has issued ...

[cumulative market capitalization of 7 listed Adani Group companies by around Rs 1 lakh crore](https://www.indiatoday.in/business/story/adani-group-shares-fall-after-hindenburg-report-what-we-know-so-far-2326418-2023-01-25). Now, the conglomerate owned by billionaire Gautam Adani has indicated that it plans to take legal action against the US-based research firm. Adani Group has rubbished the report prepared by Hindenburg Research and questioned the time of the release.

Asia's richest man amassed billions thanks in part to his longstanding ties to Prime Minister Modi. Now his fortune is falling amid allegations of ...

However, land is a state subject, so it is the state government—Modi's in this case—that had identified and allocated the land. Jaam, who has a family of six in Tagadi, takes a loan of maybe $2,000 prior to the fishing season to repair his nets and otherwise get ready. In an e-mailed response to questions, a spokeswoman for Adani Group said it had been allotted government land after following all established processes and used valuations applicable at the time, ahead of subsequent improvements. Once sucked in it's kept in a reservoir from where it's pumped into the turbines to generate electricity and eventually is pumped back out. And as noted, Adani is not the sole beneficiary of Modi's blessings. It also said the company should reconstruct both the channels that are used to take in and send back the water, as well as repair or construct anew the reservoir with impervious lining at the bottom and sides. Ghadavi, 30, blames the decrease in output on the saline water and the fly ash from the Adani power plant that has polluted the groundwater tables and broken the pollination process. 609](http://www.forbes.com/profile/gautam-adani/) in the world with an estimated worth of $2.8 billion, [Adani](http://www.forbes.com/profile/gautam-adani/) runs India's largest port, a power company and a commodities trading business. For miles at a stretch the chimneys of the two power plants are visible against the horizon. A large chunk of [his business](http://www.adani.com/) is located in Gujarat, and the government under [Modi](http://www.narendramodi.in/), who has been running the state since 2001 and now is the favored prime ministerial candidate in the national elections this spring, has been more generous to Adani than to any other industrialist there. It is one that, whatever Modi may now be saying on the campaign trail against crony capitalism and on behalf of the downtrodden, is even less mindful of environmental damage and villager prerogatives than are Indian land-use practices in general. In February he gave a speech touting the benefits of more open business competition in India.

Indian billionaire Gautam Adani hits back after fraud claims wipe billions off his company.

"The Security and Exchange Board of India [which regulates listed companies in India] will act only if there is a specific complaint sent to it. The report questioned the Adani Group's ownership of companies in offshore tax havens such as Mauritius and the Caribbean. This came days ahead of a planned sale of Adani Group shares to the public. It is led by Indian billionaire Mr Adani who is the world's fourth richest man, according to Forbes magazine. He added: "Is the Security and Exchange Board of India waiting for a public outcry to go in and clean up the market?" "Clearly, the report and its unsubstantiated contents were designed to have a deleterious effect on the share values of Adani Group companies as Hindenburg Research, by their own admission, is positioned to benefit from a slide in Adani shares."

Short selling or shorting is a trading strategy based on the expectation that the price of the security will fall.

If, however, the price of the shares appreciates instead of falling, the trader will be forced to buy shares at a higher price to return to the owner, thereby booking a loss. When the price of the shares falls to the expected levels, the trader would purchase the shares at the lower price and return them to the owner, booking a profit in the process. This is referred to as a “long position”, and is based on the view that the price of the stock or security will appreciate with time.

Hindenburg Research says it fully stands by their report on the Adani Group.The research firm has accused the conglomerate of improper use of offshore tax ...

गौतम अडानी समूह, अजरबैजान में पेट्रो केमिकल और माइनिंग प्रोजेक्ट्स में निवेश पर विचार ...

Gautam Adani-led Adani Group had termed Hindenburg report accusing it of stock manipulation as a 'maliciously mischievous and unresearched,' and added it ...

Hindenburg dared the Adani Group to file a suit in the US where it operates. The report was released as the business conglomerate opened a ₹20,000 crore follow on share sale, PTI reported. “In the 36 years since we released the report, Adani hasn't addressed a single substantive issue we raised.

Hindenburg Research on Thursday said that the Adani Group has failed to raise any substantive issue it has noted in its report in the last 36 hours.

The US-based short-seller on Thursday said that the Adani Group has failed to raise any substantive issue it has noted in its report in the last 36 hours. It said that the conglomerate hasn’t answered any of its observations. "In the 36 hours since we released our report, Adani hasn't addressed a single substantive issue we raised," Hindenburg Research said on Twitter. "At the conclusion of our report, we asked 88 straightforward questions that we believe give the company a chance to be transparent. [Hindenburg Research](https://www.businesstoday.in/latest/corporate/story/adani-vs-hindenburg-how-a-short-seller-caused-55-billion-harm-to-gautam-adani-367668-2023-01-26) on Thursday said that it will demand documents in the legal discovery process if Adani Group files a lawsuit in the United States against the short seller for its report on the ports-to-power conglomerate. We have a long list of documents we would demand in a legal discovery process," said Hindenburg in its statement published on Twitter.

Gautam Adani को इन दिनों काफी नुकसान उठाना पड़ रहा है। हिंडनबर्ग के आरोपों के बाद भारत औरे ...

हिंडनबर्ग के आरोपों के बाद गौतम अदाणी के नेटवर्थ में लगभग 5 प्रतिशत की कमी आई है। तकरीबन 48,600 करोड़ रुपये के नुकसान के साथ वर्तमान में गौतम अदानी का नेटवर्थ 113 बिलियन डॉलर है। इस एक रिपोर्ट से गौतम अडानी की नेटवर्थ केवल एक दिन में ही काफी गिर गई है। मीडिया रिपोर्ट के मुताबिक, गौतम अडानी को एक दिन में लगभग 6 बिलियन डॉलर (लगभग 48,600 करोड़ रुपये) का नुकसान हुआ है। Gautam Adani को इन दिनों काफी नुकसान उठाना पड़ रहा है। हिंडनबर्ग के आरोपों के बाद भारत औरे एशिया के सबसे आमिर व्यक्ति को करीब 48000 करोड़ का नुकसान हुआ है। उनके नेटवर्थ में 5 प्रतिशत की कमी आई है। (जागरण फोटो)

MUMBAI : The Adani Group is considering legal action against Hindenburg Research, whose report calling out the conglomerate's debt position and governance ...

"We fully stand by our report, any action against us will be meritless," Hindenburg Research said after Adani Group said it was evaluating "remedial and ...

"At the conclusion of our report, we asked 88 straightforward questions that we believe give the company a chance to be transparent. Responding to Adani group's statement that it was examining legal action against Hindenburg, the US-based investment research firm that specialises in activist short-selling, said [Adani group](/topic/adani-group)has not answered any of the 88 straightforward questions it had put forward in the report. "If Adani is serious, it should also file suit in the US where we operate.

Gautam Adani was on top of the world, diversifying his conglomerate into everything from green energy to media as his fortune soared by $40 billion last year, and mounting ambitious expansion plans from Israel to Morocco. Sure enough, the global ...

The investigation carried out by @HindenburgRes raises some serious questions with regards to propriety and transparency of the Adani group. “There is enormous political clout behind Adani and his meteoric rise,” said Sharmila Gopinath, a specialist India adviser at the Asian Corporate Governance Association. Prior to the Hindenburg report, the Adani Group were attacked in Australia by climate activists for developing a coal mine. It led to a $12 billion wipeout for Adani investors in a day — an extraordinary turnaround in fortune for a group of stocks, many of which led gains in the S&P BSE 200 Index last year. Yet the explosive claims could be damaging not just for the $2.5 billion follow-on share sale this week, which is aimed at broadening the investor base of the thinly-traded stock and paring debt, but also over a longer time horizon as more Adani companies seek investors. In fact, Adani tends to come under more damaging scrutiny whenever he ventures outside of the safe ground of India. The firm said the Adani Group was involved in “brazen” market manipulation, accounting fraud, used offshore shells for money laundering and siphoned from listed companies. Its track record is significant: Of the about 30 companies Hindenburg has targeted since 2020, their stocks on average lost about 15% the next day, according to calculations by Bloomberg News. The shares on average were down 26% six months later. [Hindenburg Research](/topic/hindenburg-research), a US [short seller](/topic/short-seller), which characterized his meteoric rise as the “the largest con in corporate history” in a voluminous Jan. [Adani Group](/topic/adani-group)faced questions was in August, when debt research firm CreditSights highlighted the rising and massive leverage across the Adani Group. None of that came close to hurting his conglomerate’s meteoric rise.