BENGALURU, Feb 1 (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged again on Wednesday as the rout of its companies deepened to $84 billion following a U.S. report on sellers at discovered, the billionaire also losing his title of richest in Asia. the person Wednesday’s stock losses saw Adani slip to 15th on …
Adani loses Asia’s richest crown as stock rout worsens to $84bn Read More »
MUMBAI, Jan 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale edged closer to full subscription on Tuesday as investors pumped in after a tumultuous week for his group in during which its shares were ravaged by a scathing report on short sellers. The secondary sale of shares in flagship Adani Enterprises (ADEL.NS) …
Crucial sale of Adani shares 85% subscribed as institutions inject funds Read More »
MUMBAI, Jan 27 (Reuters) – Shares of Indian firm Adani Enterprises (ADEL.NS) fell 15% on Friday as a scathing report from a U.S. short seller sparked a rout at the conglomerate’s listed companies , casting doubts on how investors will react to the company’s record $2.45 billion secondary sale. Seven listed companies in the Adani …
Indian Adani begins record sell-off in shares as short seller triggers $44bn rout Read More »
Jan 26 (Reuters) – Billionaire investor William Ackman said in a tweet on Thursday that he found short seller Hindenburg Research’s report on Adani Group “very credible and extremely well researched”. Shares of seven listed Adani Group companies lost $10.73 billion in market capitalization in India on Wednesday after Hindenburg released the report, which accuses …
Bill Ackman Says Hindenburg’s Report on Adani Group “Very Credible” Read More »
BENGALURU, Jan 25 (Reuters) – Hindenburg Research said on Wednesday it holds short positions in Indian group Adani, accusing the conglomerate of extensive and abusive use of entities based in offshore tax havens and raising concerns about the level high debt. The report, which comes days before a $2.5 billion share offering by flagship Adani …
Hindenburg shorts India’s Adani Group, flags debt and accounting issues Read More »