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SEBI puts Adani Wilmar s Rs 4,500 cr IPO on hold
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Adani Power posts Rs 278 cr profit in Q1; income rises to Rs 7,213 21 cr
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Adani Power announces Q1 FY22 results
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Adani Power post PAT of Rs 278 cr in Q1FY22 versus Rs 682 loss a year ago
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Article content
(Bloomberg) Four Mauritius-based funds that have attracted attention for parking almost all their money in companies controlled by Indian billionaire Gautam Adani have a history of investing in firms which ended up defaulting or were investigated for wrongdoing.
Before they put about 90% of their $6.9 billion under management in the Adani empire, the funds Elara India Opportunities Fund, Cresta Fund, Albula Investment Fund and APMS Investment Fund held significant stakes in two companies whose founders fled India and have since been probed for money laundering, another that went bankrupt, and a fourth that was liquidated after sparring with the Ethiopian government.