Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
India’s Adani Group has cut its revenue growth target by half and plans to reduce new capital expenditure, Bloomberg News reported on Sunday. Listed companies controlled by billionaire Gautam Adani have lost more than $100 billion in market value since January 24, when US short seller Hindenburg Research accused the group of stock manipulation and […]
Many Indians voiced their support for Gautam Adani on Tuesday as the school-dropout billionaire sealed a $2.5 billion share sale amid criticism from a US short-seller. “IndiaStandsWithAdani” was one of the top trending hashtags on Twitter in response to Adani Group shares totaling $65 billion in losses since last week’s Hindenburg Research report, which expressed […]
Adani Group’s response comes as its flagship company is going ahead with a $2.5 billion share sale. This is overshadowed by the Hindenburg Report, which flagged concerns about high debt levels and the use of tax havens. “All transactions entered into by us with entities that qualify as ‘related parties’ under Indian laws and accounting […]
The secondary share sale of Adani Enterprises, which began on Friday, is overshadowed by a massive selloff in the market. The anchor portion of the sale saw participation from investors including Abu Dhabi Investment Authority and Maybank Securities on Wednesday. As of 1012 GMT, mostly retail investors had placed bids for about 366,000 shares of […]
