on 6 Feb 2023 , Concise by Nupursharma, 0 0
The Adani Group has reportedly decided to trim its capital spending plans amid a recent high-profile row with activist investor Hindenburg Research. According to a report in the Economic Times, Adani Group is reducing its capital expenditure plans for the next three years by 40-45%. The move is being seen as a result of the ongoing feud between the group and Hindenburg Research, one of the world’s largest short-sellers. Hindenburg Research alleged that Adani Group had inflated the value
on 4 Feb 2023 , Concise by Nupursharma, 0 0
On Wednesday, India's leading stock exchanges, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), placed three Adani Group firms under short-term surveillance as their shares rose sharply in the last few trading sessions. The three firms that were placed under surveillance are Adani Enterprises, Adani Total Gas, and Adani Power. The exchanges have asked the companies to submit a response to queries raised by them on the sudden rise in share prices. The exchanges said that
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