share sale of one of its companies.
in the country. From there, his company expanded swiftly into infrastructure, logistics and energy, with coal-related businesses fueling his rise.
His empire now stretches to sectors such as defense, renewable energy, transmission and infrastructure.Adani’s dizzying rise closely parallels the political career of Modi. The two men first met in the 1990s in their home state of Gujarat, when Adani was an up-and-coming businessman and Modi a promising, mid-level official in the Bharatiya Janata Party.
Source: News Formal (newsformal.com)
A thief will never say he is thief. Ultimate loss to investors and trust is shaking
A part of this stems from India’s stance on Ukraine Russia conflict. Indian business is all about relationships and power you can wield multinational. India’s growth dependent on heavy weights to drive progressive change. Like gautam_adani AdaniOnline
Asian Enron
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Adani's $2.5 billion share sale faces crucial day after Indian routSeven companies in the conglomerate, led by Asia's richest man, saw sharp falls in their values after a Hindenburg Research report flagged concerns about high debt levels and the use of tax havens.
Source: Reuters - 🏆 2. / 97 Read more »
Fraud claims wipe $48B off India's Adani Group stocksShares of Gautam Adani's business empire sink nearly 20 percent as scathing report by Hindenburg Research ignites rout in conglomerate's listed firms, casting doubts on how investors will respond to company's record $2.45 billion secondary sale. …hindenburg research…! …you cant make this stuff up…
Source: trtworld - 🏆 101. / 63 Read more »
MSCI seeks feedback on Adani Group over Hindenburg reportIndex provider MSCI said on Saturday it was seeking feedback on Adani Group and associated securities and was aware of a report issued by short-seller Hindenburg Research.
Source: Reuters - 🏆 2. / 97 Read more »
Exclusive: India's Adani says $2.5 billion share sale on track even as bankers mull changesBankers may extend the sale or cut the issue price, sources said. Seven Adani companies have lost a combined $48 billion in market value since a research report flagged concerns about debt levels and their use of tax havens. il prossimo è Ilon Caz
Source: Reuters - 🏆 2. / 97 Read more »
Exclusive: Bankers on Adani $2.5 bln share sale consider delay, price cut after routBankers on the $2.5 billion share sale of India's Adani Enterprises are considering extending the sale or cutting the issue price after shares plunged on a U.S. short seller's report, said three people familiar with the deal. The response to the FPO seems super underwhelming understandingly. The Hindenburg report messed it up. Who wants to be linked to a company who's business model is bribery, corruption, tax dodging, and hell bent on polluting every inch of the planet?
Source: Reuters - 🏆 2. / 97 Read more »
Hindenburg report crushes Adani empire: $52 billion evaporate in a weekU.S. investor Hindenburg Research has released a report and a statement accusing Indian conglomerate Adani Group of being the “biggest con in corporate history.'
Source: IntEngineering - 🏆 287. / 63 Read more »