.png "How Adani Group got the biggest victory? | Adani Group's big announcement from Hong Kong.")
How Adani Group got the biggest victory? | Now the time will change to Adani.
The Hindenburg Research report on January 24 triggered a tsunami in Adani Group shares. This crisis brought the market cap of Adani Group to the ground within a month and from Gautam Adani to the common investor, everyone has only one thing in mind when will this crisis end?
There is also a question in the minds of the people as to how much truth is there in the allegations leveled against the Adani Group in the Hindenburg report itself. Now it seems that the answer to these questions has come to the fore. Very big news related to the Adani Group has come and this news is such that it can change the mood of the entire Adani Group investors and the market.
So it is reported that market regulator SEBI is currently probing the allegations leveled against Hindenburg Research's Adani Group and Bloomberg has reported that SEBI after examining the counter-allegations of both parties has found that Adani Group Hasn't committed some kind of wrongdoing.
Let us inform you that this news has come from Bloomberg and
people aware of the current situation has given this information. However, SEBI
has not yet released any official statement regarding this. But if this
information is correct, then believe me, this clean chit will prove to be the
biggest victory in comparison to all the steps taken by Adani Group so far.
This will go a long way in restoring the confidence of
investors in the Adani Group. SEBI is investigating the compliance of listed
companies of the Adani Group. Along with this, the purchase and sale of shares
of group companies are also included in the scope of SEBI's investigation.
Adani Group and Hindenburg Research are yet to respond to this report.
Significantly, since the Hindenburg report came out on January 24, the market cap of Adani Group has sunk by more than ₹12, 00,000 crores. Let us tell you that Hindenburg had made many serious allegations in his report on the Adani Group, spread in business from port to power airport, data center, and renewable energy.
These include allegations of stock price manipulation, fraud, financial irregularities, and money laundering. In response to these allegations, the Adani Group called Hindenburg's report a bundle of lies and the allegations baseless. But despite Adani Group's clarification, the process of decline in its shares continued unabated.
Despite the passing of a month, Adani Group has not been able to emerge from this crisis. During this Adani Group took many important decisions. This included major steps such as early repayment of loans taken in exchange for shares of $ 1.11 billion and restoring investor confidence by paying off many other loans.
It is also believed that Adani Group has also roped in Kekst CNC, a global communication firm, to deal with this crisis. Apart from this, news of Adani Group's talks with a leading US law firm has also come to the fore, but if Adani Group gets a clean chit from SEBI, it will prove to be the biggest victory of Gautam Adani and the entire group so far.
Adani Group's big announcement from Hong Kong:
The spirits of Adani Group, which is going through difficulties, are still high. Adani Group is countering the attack on Hindenburg research with full force. The Adani Group has suffered huge losses in market cap, but the entire group is leaving no stone unturned to restore investor confidence.
Adani Group's investor roadshow is going on in Hong Kong, the whole purpose of which is to restore the confidence of investors in the crisis-ridden group. The Group Finance Chief said that the Adani Group is not working on a plan like injecting refinancing capital into its loans.
Adani Group CFO Jugeshinder Singh made this statement during the Investor Roadshow in Hong Kong. The roadshow started in Singapore on Monday. The promoters' three-day run ended in Hong Kong on Wednesday. Jugeshinder Singh's statement came at a time when the company's executives said on monday that they have enough capital to repay the debt in the next three years.
It was also reported on Tuesday that the group is preparing to repay the loans taken against the shares worth $790 million by the end of March. Asked on Tuesday whether he intended to refinance any work. Singh said that we have no such intention. Are you thinking of investing capital?
In response to this also he said that no it is not so. In recent weeks, the group has taken several steps to restore investor confidence in the group. Premature repayment of loans is also included in this episode. The group had repaid the debt raised in exchange for shares worth $1.11 billion some time back.
These were done by pledging the shares of the three companies. The group met in Singapore on Monday. About a dozen global banks were involved in this meeting. Here Adani Group gave a presentation of more than 10 pages and in this, all the issues from earning to death maturity profile were told in detail.
However, some people attending this meeting have also expressed concern over the recent fluctuations in the prices of debt and bonds. Here some investors also said that they have bought Adani bonds. Earlier, another big news related to the group came from the banks. Banks led by State Bank of India have decided that they will not make any changes in the credit limit fixed for this.
Shares of most of the listed companies of the group remained on the rise on Tuesday. The statement by the group's CFO is an attempt to instill confidence among investors that the group is not short of funds and does not intend to refinance its debts.
But it remains to be seen whether the recent steps taken by
Adani Group will be able to create stability in the shares of the company and
from here the phase of the boom will also return. If you like the information, please comment on our site www.tradeipohub.co.in. Thanks for reading.