Bharat Express

Hindenburg Research

In a strong rebuttal, the Adani Group has firmly denied recent allegations suggesting its involvement in Swiss court proceedings.

The Adani Group dismissed Hindenburg’s allegations, calling them "unsubstantiated speculations" and the report itself "baseless."

The Trade Circle Network has issued a public appeal, urging investors to stand firm when the market opens on Monday

The Adani Group has also refuted the allegations, describing them as "red herrings" intended to malign the conglomerate's reputation.

Adani Group said the allegations made by Hindenburg Research were aimed at personal profiteering that disregarded facts and the law.

Mahesh Jethmalani alleges a Chinese-linked businessman commissioned Hindenburg Research's report, triggering a drop in Adani Group stocks.

The SEBI has issued a show-cause notice to Hindenburg Research, Nathan Anderson, and the Mauritius-based FPI entities linked to Mark Kingdon.

Another global financial services group, which operates as a bank in India, earned just Rs 122 crore, but as an FII earned “whopping income of Rs 9,700 crore” without any income tax.

Till now four PILs have been filed in the top court on the issue by lawyers M L Sharma, Vishal Tiwari, Congress leader Jaya Thakur and Mukesh Kumar, who claims to be a social activist.

Adani might have racked up too much debt in his haste to grow too quickly. But beneath that debt are assets of the highest calibre..