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Big relief to Adani Group in Hindenburg case, SC committee did not find evidence

By mediology May 19, 2023 No Comments

Adani Group has got a big relief in Hindenburg case. An expert committee constituted by the Supreme Court found no evidence against the group in its investigation. The Supreme Court’s expert committee has said in its report that it has not found any evidence of manipulation of share prices by the Adani Group. The inquiry committee has cited 4 SEBI reports. According to the information received, this report has been handed over to the Supreme Court. Along with this, the expert committee has said in its investigation report that Adani Group had given all necessary information to the stock exchange. The group’s shares were already under the watchful eye of additional surveillance measures. Let us tell you that in the report given by SEBI to ED, no allegation has been made against Adani Group. This is a big relief news for Adani Group.After Adani Group got relief in the report of the inquiry committee formed by the Supreme Court, the shares of the group companies are seeing a surge. Out of

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“Hindenburg report a full planned conspiracy against India”

By mediology February 5, 2023 No Comments

After being into headlines, certainly there is a sign of relief to CEO of Adani Group. As the MD and CEO of Bank of Baroda Sanjiv Chadha has recently confirmed that the bank would continue providing loan to the Adani group.Industrialist Gautam Adani’s group on Sunday termed the serious allegations levelled by financial research firm Hindenburg Research as a “planned attack on India, its institutions and the growth story” and said the allegations were “nothing but lies”. The Adani Group further said the Hindenburg report was motivated by a “hidden intent “nothing but intended to create a “false impression” to benefit the US-based firm financially. “This is not just an unwarranted attack on a specific company, but a planned attack on India, the independence, integrity and quality of Indian institutions, and India’s growth story and ambitions,” the group said. ’While making it clear to the audience Sanjiv Chadha said, “For us, any lending decision is based upon, again, the

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RBI looking at its bank exposure, Know in detail

By mediology February 2, 2023 No Comments

The owner of Adani Enterprises Mr Gautam Adani is in the Headlines since he was out of the list of richest people across Asia, and today again he is in the news. According to the latest updates The Reserve Bank of India (RBI) is looking into the details of banks’ exposure to Adani group companies and has sought the present status of these loans, people familiar with the matter.Must Read : After Tunisha, Avneet Kaur to play Shehzaadi Mariam in Ali baba-Daastan-E-Kabul?RBI has already reached to some of the lenders of the group and is engaging with lenders to verify the exposure details. Talking about the lenders, the banks which have given loans to the Adani Group include Punjab National Bank, which has around Rs 7000 crore exposure to the Adani group. Other than that IndusInd Bank, in a clarification to stock exchanges said the bank’s total loan outstanding towards the Group is at 0.49 percent of the bank’s loan book. Further, the totals non-fund outstanding is at 0.85 percent o

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Gautam Adani’s Video Message for his Investors…watch here

By mediology February 2, 2023 No Comments

Since Hindenburg published its research report on the Adani Group,  everything seems to fall apart for Gautam Adani. Due to the market not going too well for him, yesterday he had to withdraw his recently launched FPO.Yesterday in a press release Gautam Adani made his decision clear regarding backing off his FPO. In this regard, he also published a video in which he said, “Yesterday’s decision of withdrawing FPO would have surprised many. But considering the volatility of the Market seen yesterday, our bond strongly felt that it would not have been morally correct to proceed with the FPO.”Further mentioning his investors he said that whatever he has achieved is because of the faith of his investors. He said,” For me the interest of my investors is paramount and everything is secondary. Hence to insulate the investors from potential losses, we have withdrawn the FPO.”  Chairman @gautam_adani's address to investors after withdrawal of the fully subscribed AEL FPO#GrowthWithGoodness

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Adani Enterprises calls off, money to be returned to investors

By mediology February 2, 2023 No Comments

The owner of Adani Enterprises Mr Gautam Adani is in the Headlines  since he was out of the list of richest people across the Asia, and today again he is in the news. Lets Know  the reason behind it.The Board of Adani Enterprises Ltd,(AEL) decided not to go-ahead with the  subscribed Follow-on Public Offer (FPO).  Keeping in mind the  current situation and the  market volatility the company is now  aiming  to protect the interest of their investing community by returning the FPO proceeds and withdraw all the  transaction. Gautam Adani, Chairman, Adani Enterprises Ltd said, “The Board takes this opportunity to thank all the investors for your support and commitment to our FPO. The subscription for the FPO closed successfully yesterday. However, today the market has been unprecedented, and our stock price has fluctuated over the course of the day. Given these extraordinary circumstances, the Company’s board felt that going ahead with the issue would not be  correct. The in

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Gautam Adani now not among the Top 5 Richest men in the World

By mediology January 31, 2023 No Comments

It is hardly a month back when Gautam Adani was listed among top richest people in the world, leaving behind Mukesh Ambani. Adani Group chairperson and the one who was Asia’s richest person Gautam Adani is out of the top 10 global billionaires list as he has lost around $8 billion in net worth. Adani’s net worth stands at $84.4 billion at the time of writing this story and he was ranked at the 11th spot on the Bloomberg Billionaires’ Index. Also Read: Odisha Health Minister Shot, Badly injuredIf talking about the reports, the reports here says that the stock price of seven listed companies of the group went up by an average of 819 per cent over a period of three years.Billionaires Index also showed that Adani lost over $11 billion and his net worth hit $85.4 billion. But, as per this index, Adani is at the eighth spot on the top 10 list of global billionaires. Watch : OTTIndia updates you with the latest news, Country’s no.1 digital news platform OTTIndia, Keeps you updated w

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Hindenburg alleges Adani of “Obfuscate By Nationalism”

By mediology January 30, 2023 No Comments

The verbal war between Adani and Hindenburg is not over yet.  Hindenburg firm has laid allegations on Adani Group over stock manipulation, money laundering, theft of lender’s funds, and speeding up of siphoning off money from listed entities. Since then Adani Group is been trying hard to make full proof among the citizens of India that the report is false.On the other hand, Hindenburg is standing strong on their search report and is attacking Adani just one after another. Adani Group published its 413-page rebuttal to its accusation of stock manipulation and use of tax heavens leading to the worry of their debt payments. To this Hindenburg has alleged Adani Group  “Obfuscate By Nationalism”. They mean that Adani by draping itself in the national flag is doing the work of looting the nation.Hindenburg has also said that Adani Group has not responded to the questions asked by them in the report.  Adani is in a complete pit hole after the problem and they are facing a lot of issues w

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