Adani vs Hindenburg Highlights: All Adani Group stocks end with gains, add Rs 1 lakh crore market cap in three sessions

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Adani Vs Hindenburg In Supreme Court | Clarification On $3 Billion Loan From Sovereign Wealth Fund

“We would like to clarify that the said news item appears to be a market rumour and hence it would be inappropriate on our part to comment on it.”

Adani Vs Hindenburg In Supreme Court | All Adani Group Stocks End With Gains

- Adani Group stocks add Rs 30,000 crore in market capitalisation in today's session
- All group companies end with gains and have added Rs 1 lakh crore in market capitalisation over the last three sessions
- Adani Enterprises ended off the day's high but with gains of 1.5 percent after being locked in a 10 percent lower circuit
- Adani Ports ends among top gainers of Nifty 50 with gains of 3 percent
- Most other group companies end in a 5 percent upper circuit
- ACC and Ambuja gain 1.4 percent and 4.5 percent respectively

Adani Vs Hindenburg In Supreme Court | Senior Advocate HP Ranina Points Out Four Key Highlights

a) SEBI has been asked to find out whether there is any violation of the Security Contract Act, or any other provision of the law
(b) SEBI may take more time to probe than allowed by Supreme Court 
(c) It will possibly assign a head make sure the manipulation angle is correctly probed, and 
(d) SEBI's findings will be evaluated by the Supreme Court appointed panel

Adani Vs Hindenburg In Supreme Court | How Are Adani Group Stocks Faring

- Adani Enterprises is trading with gains of 3.2 percent after falling as much as 10 percent in opening trade
- Adani Ports is trading near the day's high with gains of 2.74 percent
- Adani Green, Adani Power, Adani Transmission, Adani Wilmar and Adani Total Gas are locked in an upper circuit of 5 percent

Adani Vs Hindenburg In Supreme Court | Details Of Block Deals

- Adani Ports: 8.6 crore shares exchanged hands at Rs 596 per share for a total of Rs 5,282 crore
- Adani Green Energy: 5.56 crore shares exchanged hands at Rs 504 worth Rs 2,805 crore
- Adani Transmission: 2.84 crore shares exchanged hands at Rs 668 apiece for Rs 1,898 crore
- Adani Enterprises: 3.9 crore shares exchanged hands at Rs 1,415 per share for Rs 5,520 crore
- Total funds raised amount to Rs 15,500 crore
- Sources tell CNBC-TV18 that the promoter entity is likely to be the seller in this transaction and a leading US-based fund is a buyer
- CNBC-TV18 has reached out to the Adani Group for a comment and is awaiting a response

Adani Vs Hindenburg In Supreme Court | Experts Have Their Say

- Senior Advocate of the Supreme Court HP Ranina says the verdict will have far-reaching effects on the business environment
- Sanjay Dutt of Quantum Securities said that the development is very positive for regulation
- Verdict sends a message to stakeholders that the system must be transparent and that fair play will be upheld at times

Read More Here

Adani Vs Hindenburg In Supreme Court | The Story So Far

- It has been over a month since US-based short seller Hindenburg Research released its research report on the Adani Group alleging that Adani Enterprises and other group companies were "engaged in a stock manipulation and accounting fraud over the course of decades". Hindenburg Research claimed the report to be based on research spanning over two years.
- Since then, most Adani Group stocks have lost over half of their market value, with the group's overall market capitalisation falling below $100 billion.

Read the full timeline here.

Adani Vs Hindenburg In Supreme Court | Former Australian PM Tony Abbott on Adani Group

- Personally extremely grateful to Adani Group and Jindal Group for substantial investments in Australia
- Adani Group in particular was subjected to enormous difficulties and hurdles
- Adani mine in Queensland is exporting coal to India, tens of millions of Indian homes got electrified as a result
- As an Australian citizen and an ex-PM, extremely grateful for Indian Investment

Adani Vs Hindenburg In Supreme Court | Key Highlights So Far

- Supreme Court constitutes expert committee to be headed by Justice Abhay Manohar Sapre, a retired Supreme Court judge
- Other members include OP Bhatt, KV Kamath, Nandan Nilekani, Somsekhar Sundaresan and Justice JP Devdhar
- Supreme Court asks SEBI to probe whether there has been any violation of the Securities Act, failure to disclose Related Party Transactions, and manipulation of share prices
- Supreme Court asks SEBI to report findings to the expert panel within two months
- Gautam Adani tweets, says "Truth will prevail."
- Experts say Supreme Court judgment will give investors confidence

Read More Here

Adani Vs Hindenburg In Supreme Court | Members of the Expert Panel - Justice JP Devdhar

- Former judge of the Bombay High Court
- Former Presiding Officer of the Securities Appellate Tribunal

Adani Vs Hindenburg In Supreme Court | Members of the Expert Panel - Nandan Nilekani

- Among the co-founders and current non-executive chairman of Infosys
- Former chairman of Unique Identification Authority of India
- Also headed the government of India's technology committee TAGUP

Adani Vs Hindenburg In Supreme Court | Members of the Expert Panel - KV Kamath

- Former chairman of New Development Bank of BRICS countries
- Also served as Chairman of Infosys and non-executive chairman of ICICI Bank
- ICICI Bank's MD & CEO from 1996 - 2009
- Independent director on the boards of oil company Schlumberger and Lupin

Adani Vs Hindenburg In Supreme Court | Members Of The Expert Panel - OP Bhatt

- Former chairman of India's largest lender State Bank of India from 2006-2011
- Also former chairman of the Indian Banks' Association for 2010-2011
- Currently independent director on the board of ONGC, Tata Steel and Hindustan Unilever

Adani Vs Hindenburg In Supreme Court | Meet The Six Members Of The Expert Panel - Justice Abhay Manohar Sapre

- Will be heading the expert panel
- Served as Chief Justice of Gauhati High Court between October 2013 and August 2014
- First Chief Justice of Manipur High Court
- Former judge of Chhattisgarh, Rajasthan and Madhya Pradesh High Court
- Retired in August 2019