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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The US-based investment firm says it holds short positions in the conglomerate.
Hindenburg Research has accused the Adani group of stock manipulation, accounting irregularities and misappropriation of funds. All nine group stocks listed on the stock exchanges are trading in the red, after the US-based activist investment firm published its report on Wednesday.
Hindenburg says the group’s listed companies had “substantial debt”, putting it on a “precarious financial footing”. The firm disclosed that it holds short positions in the group through “US-traded bonds and non-Indian-traded derivative instruments”.
“Even if you ignore the findings of our investigation,” says the report, the group’s “key listed companies have 85 per cent downside purely on a …
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
