The Congress has been questioning the financial dealings of billionaire Gautam Adani's group after US research firm Hindenburg alleged "irregularities" and charged it with stock price manipulation
Adani Group today categorically rejected allegations of hidden foreign investors in a report by the George Soros-owned Organised Crime and Corruption Reporting Project.
Citing review of files from multiple tax havens, internal Adani Group emails, OCCRP said investigation found at least 2 cases where investors bought and sold Adani stock via offshore structures
Adani is at the helm of plans to redevelop Dharavi after the Maharashtra state government in July approved his $614 million contract bid to overhaul the slum
Report may name 6 short-sellers and mention gains they made around the time of Hindenburg report's release
SEBI "shall take appropriate action based on outcome of the investigations," it said
The identity of the corporate house wasn't immediately known but agencies are said to be keeping a tight vigil on the capital market
Promoter group has increased stake in Adani Enterprises Ltd from 67.65 per cent to 69.87 per cent, according to a stock exchange filing
The company's stock fell as much as 4.1% after the bunched trades to Rs 274.4 ($3.30) and based on the average price, the deals are worth $1 billion, according to Bloomberg calculations
A fresh blow arrived Saturday as Deloitte Haskins & Sells LLP, the auditor of Adani's ports unit, abruptly resigned the same week June quarter results showed record revenue and operating profit
Markets regulator's application before Supreme Court says it has 'progressed substantially' in investigation
Sebi had sought more time to complete the probe, but the court - amid a slump in Adani shares following a damaging report published in January by US shortseller Hindenburg Research
Had sought external examination of Hindenburg's allegations: Deloitte
The Indian group is in talks with Barclays Plc, Deutsche Bank AG and Standard Chartered Plc to borrow between $600 million and $750 million to refinance the debt taken on to finance its purchase
Group confident of its governance and disclosure standards, says billionaire in address to shareholders
Executives at the highest levels are scrutinising ties with Adani, turning more cautious about adding new business pending a regulatory probe that's supposed to end next month
Adani Enterprises had last raised funds via a primary placement of bonds in September last year at an 8.40 per cent yield for 17 months
'Vested interests tried to opportunistically exploit' short-seller's claims, says billionaire
The Adani Group chairman, commenting in the annual report of flagship firm Adani Enterprises Ltd. released on Tuesday, pointed to a submission last month by India's Supreme Court
The US Attorney's Office in Brooklyn, has sent inquiries in recent months to institutional investors with large holdings in the India conglomerate, one person familiar with the inquiries said