AIRLINK 180.40 Increased By ▲ 0.30 (0.17%)
BOP 11.37 Decreased By ▼ -1.72 (-13.14%)
CNERGY 7.47 Decreased By ▼ -0.01 (-0.13%)
FCCL 45.16 Decreased By ▼ -0.02 (-0.04%)
FFL 16.39 Increased By ▲ 0.33 (2.05%)
FLYNG 27.54 Increased By ▲ 0.11 (0.4%)
HUBC 132.70 Decreased By ▼ -0.54 (-0.41%)
HUMNL 13.20 Increased By ▲ 0.18 (1.38%)
KEL 4.50 Increased By ▲ 0.05 (1.12%)
KOSM 6.03 Increased By ▲ 0.06 (1.01%)
MLCF 58.90 Increased By ▲ 0.09 (0.15%)
OGDC 218.75 Increased By ▲ 0.16 (0.07%)
PACE 5.88 Increased By ▲ 0.01 (0.17%)
PAEL 43.70 Increased By ▲ 1.08 (2.53%)
PIAHCLA 16.75 Increased By ▲ 0.25 (1.52%)
PIBTL 9.86 Decreased By ▼ -0.06 (-0.6%)
POWER 12.00 Increased By ▲ 0.05 (0.42%)
PPL 183.40 Increased By ▲ 0.32 (0.17%)
PRL 35.52 Increased By ▲ 0.19 (0.54%)
PTC 24.49 Increased By ▲ 0.15 (0.62%)
SEARL 96.50 Increased By ▲ 0.68 (0.71%)
SILK 1.16 Increased By ▲ 0.01 (0.87%)
SSGC 37.30 Decreased By ▼ -0.01 (-0.03%)
SYM 16.15 Increased By ▲ 0.07 (0.44%)
TELE 7.98 Increased By ▲ 0.10 (1.27%)
TPLP 10.95 Increased By ▲ 0.11 (1.01%)
TRG 61.25 Increased By ▲ 0.31 (0.51%)
WAVESAPP 10.90 Increased By ▲ 0.11 (1.02%)
WTL 1.33 No Change ▼ 0.00 (0%)
YOUW 3.80 Increased By ▲ 0.03 (0.8%)
BR100 12,324 Increased By 109.6 (0.9%)
BR30 37,570 Increased By 131.2 (0.35%)
KSE100 115,899 Increased By 363 (0.31%)
KSE30 35,740 Increased By 82.2 (0.23%)

Three Adani group companies have pledged shares for lenders to the Indian conglomerate’s flagship Adani Enterprises, which pulled a $2.5 billion share sale during a recent market rout, the debt trustee firm said.

Adani Ports and Special Economic Zone, Adani Transmission Ltd and Adani Green Energy Ltd pledged shares to SBICAP Trustee Co, the firm, a unit of India’s biggest state lender, State Bank of India, said in a Friday filing to the Bombay Stock Exchange.

The Adani group, controlled by billionaire Gautam Adani, has lost more than $100 billion in market value since Jan. 24, when a U.S. short seller issued a scathing report on the apples-to-airports conglomerate.

India’s top court says investor interests must be protected after Adani report

Hindenburg Research accused the group of stock manipulation and improper use of offshore tax havens. The conglomerate has rejected the firm’s findings and denied any wrongdoing.

India’s market regulator, the Securities and Exchange Board of India, is investigating the Adani group’s links to some of the investors in the conglomerate’s aborted share sale, sources told Reuters on Friday.

Comments

Comments are closed.

SAMIR SARDANA Feb 11, 2023 10:00pm
AGL/ATLA/APL PLEDGE SHARES FOR AEL LOANS THAT EXPLAINS THE RALLY IN ADANI STOCKS,AND THE MAXMIUM RALLY, IN AEL !!!!!!!!!!!!! THE GLARING OBVIOUSNESS ! CHAIWALA\S HINDOOOSTHAN ! INDIAN INFRA = CONTRACTS ARE FROM GOI TO EXECUTE,LOANS ARE FROM PSB. KOYAK BANK WILL NOT LEND TO GET PAYMEENTS,FOR WORK DONE, GOI BABOO HAS TO CLEAR BILLS THE TRINITY IS CONTROLLED BY NETA IN CHAIWALA'S HINDOOSTHAN - ONL;Y WAY FOR NETAS, TO MAKE MONEY IS "INFRASTRUCTURE" WHICH IS Y,CHAIWALA, IS BUILDING INFRA ! INDIAN DUDS THINK,THAT THE CHAIWALA IS DOING THIS,FOR ACHE DIN ! CHAIWALA CAN DESTROY ANY INFRA COMPANY ! TAKE HCC - HINDUSTAN CONSTRUCTION COMPANY ! CHANGES IN LAWS, LITIGATIONS,ARBITRATIONS, FORCE MAJEURE,OR STALLED PROJECTS NETA CONTROLS THE LEVERS. AND SO, ADANI IS A SUCCESS..SAMIR SARDANA ADANI'S ROCKET LAUNCH IS "ONLY" DUE TO CHAIWALA. BUT THAT ROCKET HAS MASSIVE RCS,FIXED TRAJECTORY AND LOW FUEL. AND THAT IS Y HINDENBERG HAS HACKED IT AND IT IS IN TERMINAL DESCENT.SAMIR SARDANA
thumb_up Recommended (0)