A year after the Hindenburg Research attack, Gautam Adani discussed how he insulated his portfolio from market volatility by pre-paying margin-linked financing. His leadership team s focus on businesses led to record-breaking EBITDA growth and Q3 FY24 s highest-ever quarterly profit. He highlighted the use of adequate liquidity and stake sales to fortify the financial position. Adani acknowledged the crisis exposed a weakness in outreach mechanisms and distorted perceptions.
Adani News today: Adani Group faces new allegations of investing in its own shares through opaque Mauritius funds, resulting in drop in stock prices on August 31. Life Insurance Corporation (LIC) lost ₹1,439.8 crore value in Adani Group of companies in just one session.
Shares of Adani group stocks fell on Thursday after a report from investigative reporting platform OCCRP alleged hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment funds managed by partners of promoter family of Gautam Adani.
Shares of Adani Power climbed over 3 per cent in morning trade after US-based boutique investment firm GQG Partners along with other investors bought an 8.1 per cent stake in the company for over Rs 9,000 crore ($1.1 billion).