Adani Enterprises, Adani Ports, Adani Power, other Adani Group stocks saw gains of up to 7% on Monday after the group promoter firm increased its stake in two of the group’s listed companies. Watch this Visual Story to know more.
Adani stocks today: Shares of listed Adani group companies including Adani Enterprises, Adani Ports, Adani Green Energy, Adani Total Gas, and Adani Energy Solutions fell up to 4% on Thursday (August 31), after OCCRP, an investigative reporting platform, backed by George Soros, released new details on allegations that the Adani Family partners had invested millions to buy own group shares through opaque investment funds based in the island nation of Mauritius. Watch this Visual Story to know more.
In May, the Court had granted SEBI time till today to provide a status report on its probe into the controversy surrounding the Hindenburg Research report on the Adani Group.
Six months after a Hindenburg report led to a meltdown in Adani Group stocks, the conglomerate is trying to strike a balance between growth, capex and deleveraging its debt. Though the challenges still linger, sparked by the Hindenburg report alleging accounting fraud, stock manipulation, and routing of funds through foreign shell companies, all of which the firm has refuted, there is some breathing space. BT Magazine s The Making of Adani 2.0 decodes the recovery.