Hindenberg Report News Today

The Supreme Court’s confidence in Sebi’s probe of alleged violations by the Adani Group has been taken by investors as an early indicator of a let-off—but risk learnings must not get lost.

IHC holds 1.26 percent stake in Adani Green Energy and 1.41 percent in Adani Energy Solutions. According to a report, the company says the move is a part of its portfolio rebranding strategy

The text of the writer’s speech as she received the 45th European Essay Prize on September 12.

The report has alleged that Adani Family partners invested millions in the company through opaque investment funds based in Mauritius. The company has denied the claims and said they are rehashed from Hindenburg’s allegations

The Hindenburg report highlighted that Freedom Holdings recently admitted to providing “brokerage services to certain individuals and entities who are subject to sanctions imposed by OFAC, The European Union or the United Kingdom.”

Adani Ports and Special Economic Zone reported on Saturday (12 August 2023) that its statutory auditor Deloitte Haskins & Sells LLP (Deloitte) had tendered their resignation which has been accepted on the same day by the board.

Founder of the Adani Group, Gautam Adnai lashed at the  Hindenberg Report which had come out  earlier this year in January, in which it maliciously tried

This also led to a slam-dunk across equities resulting in a decline in the key frontline indices too.

In a letter emailed to the ED Director S K Mishra, the parties told the probe agency that "it cannot turn around and abdicate its jurisdiction".

These include the Adani Group's several party transactions using Russia's VIB Bank which faced international sanctions for several years.