Mumbai: There is news that US regulators have started probing the productions. Adani Group For US investors after US short-sellers Hindenburg Research On January 24 this year, a detailed report was published on the Adani Group alleging that the group had, among other things, manipulated offshore companies to manipulate its stock price, fudge its books and other corporate misconduct. was used.
on Friday, Adani Enterprises There was a loss of 6.8%, Adani Transmission 6.4% and Adani Power closed 5.4% lower. The other seven stocks in the group declined between 1.5% and 4.2%, BSE Data shown.
on Friday, Adani Enterprises There was a loss of 6.8%, Adani Transmission 6.4% and Adani Power closed 5.4% lower. The other seven stocks in the group declined between 1.5% and 4.2%, BSE Data shown.
The group’s combined market cap loss was around Rs 48,000 crore – Rs 9.8 lakh crore, which is once again below the Rs 10 lakh crore mark.
Responding to the report, an Adani Group spokesperson said the group is ‘firmly committed’ to complying with all laws and regulations in all the markets where it has a presence. “We strongly reject any suggestion that the Adani Group and its businesses have not acted in accordance with the regulations and accounting standards of the jurisdictions where they operate. Our various issuer groups are convinced that the disclosures are complete and complete, as stated in the relevant issuer circulars,” it said.