 "Adani, Adani Group")
In its preliminary investigation, the securities market regulator of Mauritius has not found any breach of law by the 38 global companies and 11 funds being associated with Adani Group after the Hindenburg report disclosures, Financial Services Commission (FSC) Chief Executive Dhanesswurnath Vikash Thakoor told Business Standard.
Listed Adani Group companies have lost more than $100 billion in market value since US short-seller Hindenburg made a slew of allegations against the conglomerate. Adani has denied these allegations. The FSC chief’s remarks come at a time when the Supreme Court, hearing petitions related to large investor losses, has asked the
Listed Adani Group companies have lost more than $100 billion in market value since US short-seller Hindenburg made a slew of allegations against the conglomerate. Adani has denied these allegations. The FSC chief’s remarks come at a time when the Supreme Court, hearing petitions related to large investor losses, has asked the
