Follow Whatsapp Channel
Sunday, Jun 22, 2025
The fundraising is critical for Adani, not just because it will help cut his group's debt, but also because it is being seen by some as a gauge of confidence at a time when the tycoon faces one of his biggest business and reputational challenges.
Adani has to invest only Rs 2,454 crore in the project; it would start making a profit from the 11th year and Kerala would have to shell over Rs 19,000 crore at the end 40th year to take control back
Hindenburg has a track-record of finding corporate wrongdoings and placing bets against the companies.
The Hindenburg Research team alleged that the Adani Group predictably tried to lead the focus away from substantive issues and instead stoked a nationalist narrative.
India's richest man has issued a 413-page response to Hindenburg that has accused 'brazen stock manipulation and accounting fraud scheme over the course of decades'.
Bankers on the deal were considering extending the sale or cutting the issue price after shares of Adani plunged following a report from a US short seller, as per sources.
The flagship Adani Enterprises fell about 3%, while Adani Ports and Special Economic Zone sank more than 6%.
It was the Congress-led Oommen Chandy government that crafted a lopsided agreement that would potentially allow Adani to prosper at Kerala's cost.
NDTV maintains a 2020 regulatory order prohibits the Roys from trading in Indian markets until November 26, 2022, after an investigation found they made wrongful gains linked to suspected insider trading of NDTV shares.
NDTV said a deal between the Roys and Adani would require approval from SEBI, the market regulator.
Results 41-50 of 55
You can always sign back in at any time.
You have reached the maximum number of saved items. Please remove some items.
.jpg?w=315&h=164 "Why is it unethical for Congress to support 'freeze Vizhinjam port' demand")
