That represents an 11.5 per cent premium to the stock's closing price of $6.34 on Nasdaq on Dec. 10. The offer's valuation is based on a total of 398.61 million diluted shares outstanding as of Aug 1
GQG Partners' exposure to Adani stands at $8.1 billion, constituting 5.2% of its total assets of $156.7 billion. GQG Partners holds stakes ranging from 1.5% to 2% in six Adani Group companies
News of the charges wiped billions of dollars on Thursday from the market value of companies within Adani Group
Cyril Cabanese is charged alongside Gautam Adani and Sagar Adani, in connection to a bribery scheme that misled US investors in a September 2021 bond offering that raised $175 million
The Adani Group has stated that it will seek all possible legal recourse to fight the bribery allegations against Adani Green Energy's top management
The regulatory crackdown extracted at least $200 million apiece from Wall Street giants such as Bank of America Corp., JPMorgan Chase & Co and Goldman Sachs Group Inc, while also fining others
An SEC spokesperson said the regulator is reviewing the decision
The judge also expressed skepticism about the SEC's use of its enforcement powers to regulate the crypto industry, calling it "inefficient and cumbersome"
Speaking in the context of recent charges against the firm, Garrett IIg, president, Oracle Japan and Asia Pacific, says compliance training among employees has become more aggressive recently
For Coinbase investors, the news is a much-needed signal that its status as a giant in the crypto sector remains rock solid
The plan, unveiled by US Securities and Exchange Commission chair Gary Gensler, would require trading firms to directly compete to execute trades from retail investors to boost competition
The SEC on Wednesday expanded the list, consisting of US-listed Chinese entities, on a provisional lineup under a 2020 law known as The Holding Foreign Companies Accountable Act.
Gary Gensler seeks more authority from Congress to oversee a market 'rife with fraud, scams and abuse'
The US securities regulator has opened an inquiry into Wall Street's blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved, sources said
The tweet saying that Tesla stock was "too high" also knocked $3 billion off Musk's own stake in the electric carmaker
In the last one year since February 2019, the overall holding of India has jumped by a staggering $33.2 billion
Starting today, automobile companies will starting releasing sales numbers for March. According to a Business Standard report, these auto sales for the month could see a 50 per cent YoY
In an exchange filing, the company said that the US regulator has concluded the investigation
All the BRIC nations, except China, cut their exposure to these securities in February, with Russia reducing its holding by $9 bn to $87.6 bn
China remained the largest holder of US government securities with holdings to the tune of $1.24 trillion in January this year