Adani Enterprises, the main company of the Adani Group, witnessed a more than 1.5% gain in share price; Adani Ports also saw a more than 1.5% increase in share price.
Adani Enterprises, the main company of the Adani Group, witnessed a more than 1.5% gain in share price; Adani Ports also saw a more than 1.5% increase in share price. A day after the Adani Group rejected the OCCRP (Organised Crime and Corruption Reporting Project) findings, Adani Group shares recovered from intraday lows and traded in the green.
Adani Enterprises, the main company of the Adani Group, witnessed a more than 1.5% gain in share price; Adani Ports also saw a more than 1.5% increase in share price. After the aftermath from the Hindenburg report, the bulk of large-cap Adani Group shares have risen by at least 50% from its lows. In reality, GQG in India (an renowned global fund) continues to put huge bets on Adani Group equities. Following the Hindenburg affair, GQG resumed investing in additional Adani Group companies in March 2023.
also read:CCI Authorizes Vistara And Air India’s Merger Verifies Ownership And Other Facts
The Adani Group responded to the OCCRP inquiry by saying, “We completely rejected these repeated charges.” These news stories appear to be part of yet another concerted effort by Soros-funded groups supported by a sector of the world media to resuscitate the untrustworthy Hindenburg report.
“These attempts are intended to generate profits by bringing down the group’s stock prices,” according to the Adani Group, and “these short sellers are being investigated by various authorities.”
According to the statement, there was “no evidence of any breach of the minimum public shareholding requirements or manipulation of stock prices, as determined by the expert committee appointed by the Supreme Court.”
also read:Mark Thompson, A Former CEO Of The New York Times, Becomes The Head Of CNN
image source:google
