Adani Group

The Adani Group hired much sought-after Wachtell legal giant to fight it out against Hindenburg Research in US courts.

GV Sanjay Reddy said that before Gautam Adani approached, the company was talking to other investors who had agreed to deal with the company, but they had many conditions. "Deal with Adani was very simple and straightforward," he said.

The Hindenburg report on the Adani Group had the usual suspects scaremongering over a possible Lehman Brothers-like scenario.

SEBI said that the Indian market has demonstrated stability and is continuing to function in a transparent, fair and efficient manner

Adani Enterprises decided not to go-ahead with its fully subscribed Follow-on Public Offer (FPO), with the Group chairman Gautam Adani stating on Thursday that it would not be "morally correct" to go ahead with the Rs 20,000-crore share in the current market condition. 

In a tweet, Mahua Moitra claimed, "SBI says Adani group owes it ₹27000 crores - a whopping 27% of its loan book. Finance Secretary says it is a storm in a cup."

The SBI chairman Dinesh Khara said he doesn't envisage any challenge from Adani Group in meeting its debt obligations.

Adani Group stocks were put under Additional Surveillance Measures (ASM) to curb short selling and stock volatility.

Sanjay Singh has been falsely trying to implicate the Union Government of being hands-in-gloves with Gautam Adani.

Calling it a morally correct step, Gautam Adani said in a statement that the board took the decision to withdraw the FPO considering the volatility of the market.