Hindenburg row: Adani stocks rise up to 4% after SC postpones hearing
Adani Power gained up to 3.9%, followed by Adani Enterprises and Adani Ports & SEZ, which climbed 2.5% each during the trade so far.
Adani Power gained up to 3.9%, followed by Adani Enterprises and Adani Ports & SEZ, which climbed 2.5% each during the trade so far.
SEBI submitted its 15-page “status report” before the Supreme Court on August 25, while the apex court is scheduled to hear the matter on August 29.
Apex court asks market regulator to circulate latest affidavit to petitioners and court, and also upload it on record
Hindenburg Research published its report ahead of Adani Group's plan to launch the largest follow-on public offering (FPO) in India's history.
SC Panel finds that some entities took short positions before the Hindenburg report was released and that they profited from squaring off their positions
Shares of Block tanked as much as 18% after Hindenburg accused Block of inflating user metrics and facilitating fraud.
Adani Enterprises will move out of the short-term additional surveillance measure (ASM) framework of the National Stock Exchange with effect from March 8
Adani Total Gas shares have plunged 76% since the release of the Hindenberg report on Jan 24, followed by Adani Green, Adani Transmission, and Adani Enterprises, which lost between 69-53%.
Ratings actions follow a significant decline in market equity values of Adani group companies since the release of the Hindenberg report.
The agency says it will be looking at any major changes to Adani group entities’ access to financing or cost of financing on a long-term basis.