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We're talking about Elara Capital (India) Private Limited, a subsidiary of London-based investment firm Elara Capital, and Monarch Networth Capital, an Indian brokerage firm -- both companies have been named as book runners or underwriters, as per the red herring prospectus filed with the exchanges by Adani Enterprises. -- aaa
Gautam Adani published a 413-page rebuttal after allegations of fraud by short seller Hindenburg Research erased $51 billion of his flagship firm’s market value. Some 65 of the 88 questions posed by Hindenburg are based off Adani’s public disclosures and the conduct of the American short seller “is nothing short of a calculated securities fraud under applicable law,” Adani