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Between SEBI and the Adani group, there is one common factor
One thing in the new OCCRP report really stands out: that India’s markets regulator was informed of the group’s alleged dubious dealings in at least two instances.
4 September, 2023•1 min
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4 September, 2023•1 min
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Indiabulls’ acquisition of Fintech Cloud comes with red flags attached
Its Rs 1,050 crore bet on the five-year-old company—valued at an implied 11.2x revenue multiple and a promoter with baggage—raises serious questions around due diligence.
