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The Supreme Court of India on Friday will hear the petitions on the Adani-Hindenburg issue in which it had asked the Securities and Exchanges Board of India on March 2 to probe within two months the allegations of stock price manipulation by the Adani Group and lapses in regulatory disclosure. -- aaa
The Supreme Court of India on Friday will hear the petitions on the Adani-Hindenburg issue in which it had asked the Securities and Exchanges Board of India on March 2 to probe within two months the allegations of stock price manipulation by the Adani Group and lapses in regulatory disclosure. -- aaa
Just a few months after it pulled a Rs 20,000 crore follow-on public offering (FPO) in the wake of a short seller attack, Adani Enterprises (AEL) is planning to raise an unspecified amount through the issuance of equity or other eligible securities, the company informed the stock exchanges late on Wednesday evening. -- aaa
Even as the political circles are grappled with the Assembly elections in Karnataka, another development has raised their curosity.
The fundraising comes amid the fallout from US-based short seller Hindenburg Research alleging accounting fraud and stock manipulation against the group. Adani Group has denied the allegations, which were made in a report on 24 January, three days before the FPO opening.