The US short seller on Jan 24 alleged that billionaire Gautam Adani used shell companies based in Mauritius to manipulate stock prices of his Indian-listed companies
In a boost to the embattled Adani Group, Mauritian Financial Services Minister Mahen Kumar Seeruttun has told the nation s Parliament that Hindenburg Research s allegations of the presence of shell companies in the Island nation are false and baseless and that Mauritius was in compliance with OECD-mandated tax rules.
US short seller Hindenburg on January 24 alleged that billionaire Gautam Adani used shell companies based in Mauritius to manipulate stock prices of his Indian-listed companies.
The capital markets regulator said this in response to an application filed under the RTI Act, which sought subscription details and the reason for the cancellation of the follow-on pubic offer.
According to 'The Morning Context', the regulator is investigating the relationship between two Mauritius-based funds The Great International Tusker Fund and Ayushmat Ltd which participated in Adani Enterprises’ 2.4 billion USD, follow-on public offer.
Financial Services Commission chief executive Dhanesswurnath Vikash Thakoor told 'Business Standard' that this is an internal report based on preliminary assessment and has not been shared with SEBI yet.