Adani shares jump after the Indian organizer rejected some Hindenburg claims

The share of the leading company has risen more than others since August 11. The Securities Council and the Stock Exchange in India, or Sibi, said in the evening before there is no evidence that the Indian bloc using the so -called partisan transactions to direct the money to its units listed in two requests on its website. Adani has repeatedly denied the accusations that were made first HindburgThat has been resolved since then.

All ten -controlled companies, led by Adani Total Gas Ltd. Which jumped more than 13 %.

Although the organizer’s orders are not clear the ports conglomerate to the force from the other allegations raised by the abbreviated seller, they still celebrate the Adani Empire and verify its position on not violating local laws. The second most dangerous Asia continues to confront an organizational overlapping from an indictment by the US Department of Justice last year in one of the alleged people A bribing scheme worth $ 250 million.

Sebi was associated with short short allegations that Adicorp Enterprises PVT. , Milestone Tradelinks PVT. And the infrastructure of the soldier’s nomination. It was used as a channel to direct money from various Adani Group companies to finance Adani Power Ltd. And Adani Enverprises Ltd.

It is not a relevant party

There was no violation of the standards of disclosure of Sibi, as the transactions between Adicorp, Milestone Tradelinks and men’s infrastructure with conglomerate companies did not meet the definition of a relevant party.

the Short short report In January 2023, the process of fraud on the scale of companies and manipulation of stock prices claimed, which led to erosion shares at a time more than $ 150 billion in the market value of the listed Adani entities and led to a local governmental investigation directed to the court. The outbreak of the debt was also suspended in Adani.

The group, which is often compatible with the goals of Prime Minister Narendra Modi and controlled vast areas of the infrastructure sector in India, exactly the erosion of the market value caused by the seller’s short accusations.

The collective market value was 156 billion dollars early on Friday, compared to $ 235 billion on the eve of the Hindburg report in January 2023.

The Supreme Court of India said in January 2024 No other investigations In this there was a need after Sibi closed the investigation. Adwani was also rejoicing with this ruling.

Adani is now facing the greatest risk of investigating the United States, as he has been resolved for fraud charges against him Stop In recent months, Bloomberg News mentioned earlier this month, noting people familiar with this issue.

“The results of the bonds can lead to a little tightening, although the American charges against Gotam Adwani may remain hanging.”