No clean chits

Completion of Sebi probe is critical

Business Standard Editorial Comment Mumbai

Photo: Bloomberg

Listen to This Article

The Adani group companies are witnessing a significant buying interest this week on the back of the Supreme Court-appointed (SC-appointed) committee report being made public, and it did not find any conclusive evidence of regulatory failure in the context of allegations made by US-based Hindenburg Research in January. On Monday, for instance, the combined market capitalisation of the group companies went up by about Rs 82,000 crore, taking it above the Rs 10-trillion mark. The buzz continued on Tuesday with group companies adding about Rs 60,000 crore worth of market capitalisation. Group companies had come under intense selling pressure after Hindenburg Research made a number of allegations, including that of stock manipulation. The group, as a result, had to withdraw its Rs 20,000-crore follow-on public offering. Hindenburg Research had short positions in the financial instruments of Adani Group and would have benefited from the heavy selling in equity and debt instruments of

Also Read

Adani woos bankers: Invites them for a trip to restore confidence

MSCI drops Adani Transmission and Adani Total Gas from India index

Adani Group gets financial support from three Japanese banks: Report

Adani Group stocks sink up to 20%; CLSA sees limited risk to banks

Budget 2023 ticks all checkboxes; Adani group stocks played spoilsport

Burden of proof

One-sided policymaking

Outreach at Hiroshima

Consolidation demands

Questions about ONDC

First Published: May 23 2023 | 10:16 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to