The Adani group has received a lot of jolts after the Hindenburg Research report. However, things are slowly changing for Adani. The biggest thing is that giants are coming in support of Adani one after another. On the other hand, some shocking facts of Hindenburg are also coming out. So the question is whether the Hindenburg report is not a well-planned conspiracy?
A big step for Adani Group
After the Hindenburg report, Adani has started answering questions one after another. The Adani Group has announced that it will refund its pledged shares of $111.17 crore to investors before the maturity date. The maturity date of this stock was in September, 2024. But the announcement of refunding the money in such an advance is considered to be a very big step of the Adani group.
Chomer’s support for Adani Group
The Hindenburg Report, which is accused of conspiring to profit by short selling, is now coming under suspicion. Many questions are being raised regarding the publication of this report and its timing.. This report against Adani is a well-planned attack against India. This is what former Solicitor General Harish Salve has to say, he has termed the Hindenburg report as nonsense. After the report, India’s stock market experts have put the black suit of Hindenburg and his company in front of the people.. When the investigation is going on against Hindenburg in America and it is said that it has been covered up, many well-known celebrities and organizations of the country and abroad are coming in support of the Adani group. Former cricketer Virender Sehwag also supported Adani saying that it is a conspiracy of whites, who do not see India’s progress. Bank of Baroda said today that it is ready to give loan to Adani while Goldenman Shas also gave a relief statement on Adani issue. Goldman Sachs said Adani’s debt position is satisfactory..most importantly Rashtriya Swayamsevak Sangh is also now part of Adani group. He has written in his mouthpiece that the Hindenburg report is a left-wing conspiracy. In this regard, businessman Anand Mahindra has also come in support of Adani. So senior journalist Harshvardhan Tripathi has also expressed the apprehension of conspiracy.
Hindenburg in the siege of questions!
If we look at the important thing after the report came out.. published a 106-page report on January 24 accusing Adani Group.. On January 27, Adani Enterprises brought an FPO of 20,000 crores. Only 1 per cent subscription was received on the first day.. The price band of the offer was Rs 3112 to Rs 3276 per share. Later on January 29, the FPO of Adani Enterprises was fully subscribed. On the same day Adani Group dismissed the Hindenburg report as false.. and filed a 413-page reply denying all the allegations leveled against you.. 1 Feb Adani Group canceled fully subscribed FPOs worth 20,000 crores and returned investors’ money.. 2 Feb Gautam Adani After canceling the FPO, the message alleged conspiracy against him. On February 3, advocate ML Sharma filed a complaint against Hindenburg Research founder Nathan Anderson and his associates for exploiting and defrauding investors.
Hindenburg in the siege of questions!
Gautam Adani’s net worth has risen to 90 billion after a steep fall in shares. It was close to 150 billion last year.. Adani is ranked 21st in Forbes’ list of the world’s richest people. He reached the 22nd position last Friday.. Before February 27, Adani was the third richest in the world and the first in Asia.. But in the Hindenburg report, five allegations were made against Adani Group. Manipulated..Besides money laundering and account fraud 5 CFOs changed during 8 years.. Share price of 7 companies of the group showed 85 percent higher. Alleged that the debt of 2.20 lakh crores on Adani Group is more than the value of the company.. Then the fifth allegation is that Adani Group bought its own shares by sending money to Mauritius and other countries.
Hindenburg in the siege of questions!
Adani’s shares are continuously falling after the report of American short seller.. Even today, Adani’s shares fell by 5 percent at the opening of the market.. During the 12 days after the report, the shares of Adani group have fallen by 60 percent. The demand for investigation on the matter of being is also starting to rise now.
