
Adani Group rejects 'recycled allegations' by OCCRP
OCCRP's claims are based on closed cases from a decade ago, says Adani Group
OCCRP's claims are based on closed cases from a decade ago, says Adani Group
Adani Green stock gains 9.8% in intraday trade to touch a high of ₹1,024.95 apiece
"The news item refers to one of the promoter of our Company and not to any actions by the Company," says Adani Wilmar.
While big corporates are taking the lead on ESG goals, smaller players are hoping for a trickle-down effect to get their efforts going.
Hindenburg Research published its report ahead of Adani Group's plan to launch the largest follow-on public offering (FPO) in India's history.
High-risk FPIs having more than the 50% concentration threshold in a single corporate group will be provided a window of 6 months to bring down such exposure, says SEBI paper.
LIC has invested ₹31,200 crore in Adani Group companies that have touched ₹45,481 crore or 45% above the cost price by May 23
Adani Enterprises stock jumps 17% in intraday trade to ₹2,303.50 apiece on the NSE.
SEBI is seeking six more months to complete its probe into Hindenburg Research's allegations against the Adani group.
The liquidity position at all Adani Group rated entities or restricted groups would benefit from cash flow generation from January 2023 to March 2024, says Fitch.