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April 5, 2023
The Adani Group has won four coal mining blocks in an auction, despite the ongoing fallout from the Hindenburg report
April 4, 2023
Hindenburg Research put the spotlight on the Adani Group’s relationship with Adicorp, a small Gujarat-based firm. Now, another connection has surfaced.
April 4, 2023
Adicorp Enterprises, which was named by Hindenburg in its report, competed against Adani at a coal block auction despite no prior mining experience, said a report
April 4, 2023
'Scroll.in' reported that the other bidder was Cavill Mining Private Limited, which is also the main promoter of Adicorp Enterprises. Hindenburg Research alleged the latter was used to route funds from various Adani Group firms to Adani Power.
April 4, 2023
Adicorp got funds from four Adani entities and gave a $6 billion loan to Adani power, which was 98 per cent of what it received.