Page 11 - Gautam Adani

Adani rebuttal to Hindenburg fails to stem concern, bond plunge quickens

Hindenburg said last week that it had taken a short position in Adani's companies through US-traded bonds and non-Indian-traded derivative instruments

Adani strikes back at Hindenburg. But can he win the perception war?

The Adani group has lost $50 billion in stock-market value over two trading days

Adani group hits back at Hindenburg, insists made full disclosure

Adani's response stated that over the past decade, its group companies have "consistently de-levered"

Top headlines: All eyes on growth in Budget, road project push, and more

Business Standard brings you the top headlines at this hour

Gautam Adani's $2.5 bn share sale faces crucial day after rout in stocks

For 60-year-old Adani, the stock market meltdown has been a dramatic setback for a school-dropout who rose swiftly in recent years to become the world's third richest man

Adani's $2.5 billion share sale faces crucial day after Indian rout

Adani faces a critical day on Monday with his flagship company's $2.5 bn share sale's second day of bidding overshadowed by a $48 bn rout in his stocks which was sparked by a US short seller's report

Adani risk casts doubt on Wall Street's star emerging-market bet

The Adani Group dismissed the report as "maliciously mischievous" and said it's exploring legal action

Adani confident of FPO sailing through; Sebi, other bodies probing sell-off

Richest Asian Gautam Adani's group on Sunday expressed confidence that the Rs 20,000 crore follow-on share sale of its flagship firm will sail through despite a massive hammering of the conglomerate's stocks following a scathing report by a US-based short seller. Group CFO Jugeshinder Singh said no change in offering price or schedule is being considered due to temporary volatility in the market as the follow-on public offer (FPO) of Adani Enterprises Ltd is the best vehicle for strategic institutional investors to own a pie of the conglomerate's fast expanding airports, mining, roads, new energy and data centre businesses. All seven Adani group companies' stocks fell sharply over the last two trading sessions, wiping out Rs 10.7 lakh crore of investor wealth after Hindenburg Research alleged that the ports-to-energy-to-cement conglomerate had engaged in "brazen stock manipulation and accounting fraud" for decades. The sell-off is being looked into by market regulator SEBI and stock

Kidnapped for ransom, 26/11 survivor Adani faces his biggest challenge yet

He was kidnapped by bandits in 1998 for ransom and when terrorists attacked Mumbai almost 11 years later, he was among the hostages held at the seafront Taj Hotel. College-dropout Gautam Adani's knack of surviving crises and his business acumen has propelled him to the ranks of India's richest but he now faces possibly the biggest challenge of his career. Hindenburg Research, a tiny New York firm that specialises in short selling, brought out a scathing report that has led to his group shedding more than USD 50 billion in market value in just two trading sessions and Adani himself losing in excess of USD 20 billion, or about one-fifth of his total fortune. The 60-year-old tycoon has now slipped behind Bill Gates and Warren Buffett to be the seventh-richest person in the world from the pre-Hindenburg position of being the third richest. More than his personal status, at stake is the reputation of an empire the first-generation entrepreneur built over three-and-half decades. The ...

No change in schedule, issue price of FPO, confident of success: Adani Ent

All our stakeholders including bankers and investors have full faith in the FPO, Adani Enterprise said in a statement

Bankers consider delay, price cut in Adani's $2.5 bn FPO after market rout

Seven listed companies of the conglomerate controlled by Gautam Adani have lost a combined $48 billion in market valuation since Hindenburg report came out

Hindenburg report on Adani group: Index provider MSCI invites feedback

Adverse feedback could lead to reduction in weightage of Adani stocks in MSCI indices

From BBC documentary to Hindenburg, the political fallout remains unclear

The chances are that as the din over the Karnataka election gathers steam, these things will be quickly forgotten

Hindenburg report puts Asia's richest man Gautam Adani in eye of a storm

Gautam Adani, the school drop-out turned billionaire who rose to become Asia's richest man, faces possibly the biggest challenge of his career after a US short seller cast doubts on his business

Market regulator Sebi increases scrutiny of Adani group deals: Sources

The regulator had sought clarity from the group on these entities when the group approached it for regulatory clearance last year. These responses are under regulatory examination, sources said

Hindenburg flames again: Can Adani repeat what Dhirubhai did in the 80s?

The last time a bear attack was launched on a businessman gaining prominence rapidly was in the early 1980s when a cabal of brokers took on "an over-priced Reliance share", recalls T N Ninan

What really worries Indians about Gautam Adani and his companies

If Adani's companies can deliver a fraction of what he has pledged, then perhaps, in time, they might even grow into the valuations they have already achieved on paper

Hindenburg vs Adani: Short selling not shareholder activism, says InGovern

No new facts in Hindenburg report about Adani Group, says corporate governance firm

Adani Enterprises kicks off $2.45 bn share sale amid short-seller attack

Adani Group firms lost $11 billion in market capitalisation on Wednesday after New York-based Hindenburg Research flagged concerns in a report about debt levels and the use of tax havens

Adani Group poses no significant downside risk to Indian banks: CLSA

CLSA said that even though the group's bank debt has increased 25 per cent in the past three years, the share of bank debt in overall group debt has reduced