.asicmedia will reportedly review a report into Indian major AdaniOnline and its dealings in Australia BravusResources mining resources coal exports
SYDNEY- Australia's corporate regulator said on Wednesday it will review a short-seller report that has flagged a wide range of concerns about India's Adani Group.
Among concerns relating to Adani's Australian operations, Hindenburg questioned the appointment of an executive and its accounting practices.
The Hindenburg report "presents transactions related to Adani's Australian businesses in a misleading way to purposefully undermine the reputation of the Adani Group, in order to pursue their own profit by short-selling shares in Adani Group companies," the statement said.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
India cenbank asks country's banks for details of exposure to Adani group - sourcesIndia's central bank has asked local banks for details of their exposure to the Adani group of companies, government and banking sources said on Thursday.
Les mer »
Hindenburg bet against India's Adani puzzles rival U.S. short sellersWhen Hindenburg Research revealed a short position in Adani Group last week, some U.S. investors said they were intrigued about the actual mechanics of its trade, because Indian securities rules make it hard for foreigners bet against companies there.
Les mer »
Adani Group's local bonds resist panic sales on Hindenburg's reportIndian conglomerate Adani Group's locally listed bonds have resisted the panic selling in the groups' dollar-denominated debt and domestically listed stocks since last Wednesday following short-seller Hindenburg Research's scathing report on the group.
Les mer »
Adani Group threatens, but Hindenburg Research rarely sued in U.S.In the midst of a market rout last week that stripped Indian conglomerate Adani Group of $65 billion in market capitalization, Adani announced that it was contemplating “remedial and punitive action” against Hindenburg Research, the short seller whose scathing Jan. 24 report sparked the sell-off.
Les mer »
Adani Group stocks rout deepens to $72 bln despite share sale completionMost Adani Group stocks dropped on Wednesday, extending losses to $72 billion after a short-seller report criticised the conglomerate and despite the group completing a closely watched share sale a day earlier.
Les mer »
Indian shares fall as insurance companies drag; Adani Group stocks tumbleIndian shares reversed earlier gains to trade lower on Wednesday, led by a fall in insurance companies after the country's Union budget proposed to limit tax exemptions for insurance proceeds, while Adani Group shares tumbled.
Les mer »