The Supreme Court’s confidence in Sebi’s probe of alleged violations by the Adani Group has been taken by investors as an early indicator of a let-off but risk learnings must not get lost.
IHC holds 1.26 percent stake in Adani Green Energy and 1.41 percent in Adani Energy Solutions. According to a report, the company says the move is a part of its portfolio rebranding strategy
The report has alleged that Adani Family partners invested millions in the company through opaque investment funds based in Mauritius. The company has denied the claims and said they are rehashed from Hindenburg’s allegations
The Hindenburg report highlighted that Freedom Holdings recently admitted to providing “brokerage services to certain individuals and entities who are subject to sanctions imposed by OFAC, The European Union or the United Kingdom.”