Days after it was reported that the Adani Group hired accountancy firm Grant Thornton, the Gautam Adani-owned conglomerate has dismissed it as a rumour. In a statement released to the stock exchanges, Adani Enterprises said the news about hiring Grant Thornton appears to be a “market rumour and hence it would be…
Adani Group called off the Rs 20,000 crore follow-on public offering (FPO) of its flagship firm on Wednesday, just a day after it was fully subscribed. It came as a surprise to the stock market and the investor community as such moves are rarely seen. The Gautam Adani-owned conglomerate came out with a statement,…
Market regulator Securities and Exchange Board of India (Sebi) has increased scrutiny of deals by Adani Group over the past year and will study a fresh report issued by short-seller Hindenburg Research. This is in addition to Sebi’s ongoing preliminary investigation into the group’s foreign portfolio investments,…