Three Adani group companies have pledged shares for lenders to the Indian conglomerate's flagship Adani Enterprises , which pulled a $2.5 billion share sale during a recent market rout, the debt trustee firm said.
Hindenburg Research accused the group of stock manipulation and improper use of offshore tax havens. The group has rejected the firm's findings and denied any wrongdoing.the Adani group's links to some of the investors in the conglomerate's aborted share sale, sources told Reuters on Friday.
Fitch estimates that loans to all Adani group entities account for 0.8% to 1.2% of total lending by Indian banks rated by the agency. State Bank of India's exposure to the group was 0.9% of its loan book, or around 270 billion Indian rupees , Chairman Dinesh Kumar Khara has said., two global rating agencies have said.Our Standards:
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
NYU's 'Dean of Valuation' says Adani Group exploited 'weakest links' in Indian institutionsThe finance professor at the Stern school of business said fundamentals 'never come into play' for Indian markets.
Lire la suite »
MSCI cuts some Adani group companies' free-float designationsIndex provider MSCI said it has cut the free-float designations of four securities of India's Adani group, a move which analysts have warned could impact their index weightings.
Lire la suite »
Adani Group reels after report from U.S. short-seller HindenburgIndian tycoon Gautam Adani's conglomerate has been pummelled by a stock rout and come under increasing scrutiny after U.S. short-seller Hindenburg Research issued a damaging report.
Lire la suite »
Adani Group Reportedly Hires Top U.S. Law Firm Over Fraud Allegations As Stocks Continue To TankThe Indian conglomerate’s founder Gautam Adani’s net worth dropped below $60 billion, pushing him out of Forbes’ list of the top 20 richest people in the world.
Lire la suite »
MSCI to cut weighting of four Adani firms in wake of Hindenburg reportIndex provider MSCI said it will cut the weightings of four Adani Group companies, including flagship firm Adani Enterprises , in its indexes after reassessing the number of shares that are freely traded.
Lire la suite »