Although the Adani Group in its response to Hindenburg's allegations claimed that Vinod Adani, the business tycoon's elder brother, has no official role and is not a related party, investigations reveal something else.
Ambuja Cements Share Price Graph And News stockmaniacs.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stockmaniacs.net Daily Mail and Mail on Sunday newspapers.
Soon after the acquisition, the Adani group pledged shares worth US$13bn (billion) in ACC Ltd and Ambuja Cement Ltd, which it bought from Switzerland-based Holcim Ltd.