Adani group opened a USD 1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani's Reliance Industries, all in a matter of one week.
The conglomerate vehemently denied all allegations as it redrew its strategy that included trimming debt through prepayments and repayments of borrowings, paring the founder's share pledge and bringing in both promoter and marquee investor equity
The conglomerate vehemently denied all allegations as it redrew its strategy that included trimming debt through prepayments and repayments of borrowings, paring the founder s share pledge and bringing in both promoter and marquee investor equity. The strategy seems to be paying off with share prices of some of the 10 listed companies recovering all of the Hindenburg losses.
Adani Hindenburg Case: The Supreme Court today directed the Securities and Exchange Board of India (Sebi) to complete its probe into the remaining two cases of alleged violations by the Adani companies within three months. However, it decided not to order a probe by a special investigation team or the Central Bureau of Investigation. Clearly, Adani did not wait to see the course of the Hindenburg affair but went ahead with business as usual. Now, he is also unveiling his ambitious future plans to expand his business, especially globally.