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Most Adani Group stocks were trading higher at around 1 p.m. on Friday. Indian stock markets shrugged off the allegations raised by the OCCRP report alleging “opaque” trading by Adani Group. After the initial reaction on the day the report was released, there was no follow through selling in the Adani group stocks. The general…
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Representational image | Photo Credit: AMIIT DAVE Shares of Adani group stocks fell on Thursday after a report from investigative reporting platform OCCRP alleged hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based ‘opaque’ investment funds managed by partners of promoter family of billionaire Gautam Adani. The conglomerate denied the…
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According to the Adani Group, the claims were based on closed cases from a decade ago. New Delhi: The Adani Group today categorically rejected allegations of hidden foreign investors in a report by the George Soros-owned Organised Crime and Corruption Reporting Project. “We categorically reject these recycled allegations. These news reports appear to be yet…
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The profitability also buoyed the company’s liquidity. Adani Group posted record profit in the quarter that ended June on the back of its infrastructure and renewable energy businesses. The ports-to-power conglomerate said June quarterly earnings before interest, tax, depreciation and amortization jumped 42% from the same period a year ago to Rs 235 billion ($2.8…
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Overall market capitalisation of 10 Adani Group companies shot up to Rs 10.96 lakh crore on Friday Mumbai: Billionaire Gautam Adani’s ports to power conglomerate added over Rs 45,200 crore in market capitalisation in a single day on Friday as shares of all 10 listed group firms surged after global investors showed renewed interest in…
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The Deloitte company logo. | Photo Credit: Reuters Deloitte has resigned as auditor of the Adani Group’s port company, with the firm run by billionaire Gautam Adani saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a U.S.-based short seller. The resignation comes weeks after Deloitte raised…
