Hindenburg accuses ADANI groups of sharing. On January 20, 2023, the American company HINDENBURG released a report saying that the ADANI Group shares are not
Tag: Adani Enterprises
As allegations of fraud by the Adani group in Hindenburg report left investors stressed, Nifty50 stock Adani Enterprises has been removed from Dow Jones Sustainability
After the company’s stock price crashed 28% , billionaire Gautam Adani Enterprises called off its Rs. 20,000 crore follow – on public offer (FPO) and said money will be returned to investors. The decision to not proceed with the FPO despite full subscription was taken at a meeting of the board of directors of the company today.
The Adani group stocks continued to remain under pressure on Friday, falling up to 20 percent in morning trade, after the US-grounded investment exploration establishment Hindenburg Research made dangerous allegations.