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Search resuls for: "Jayshree P Upadhyay Arpan Chaturvedi"


3 mentions found


☆ India regulator 'draws a blank' in foreign links probe into Adani, shares rise
  + stars: | 2023-05-19 | by ( Jayshree P Upadhyay Arpan Chaturvedi | Jayshree P Upadhyay | Arpan Chaturvedi | ) www.reuters.com   time to read: +3 min
Shares of companies of the coal-to-airports conglomerate, controlled by billionaire Gautam Adani, were up between 1.2% to 7% in late trade on Friday in a largely flat wider market. The group's listed companies lost more than $100 billion in market value earlier this year after U.S.-based Hindenburg Research raised several governance concerns. The court on Wednesday granted SEBI additional time until Aug. 14 to complete its investigation into possible violation of securities law and regulatory disclosures by the Adani group. Beside flagship Adani Enterprises (ADEL.NS), other group companies include edible oils business Adani Wilmar (ADAW.NS), Adani Ports (APSE.NS), Adani Green Energy (ADNA.NS), Adani Transmission (ADAI.NS), Adani Total Gas (ADAG.NS), Adani Power (ADAN.NS), broadcaster NDTV (NDTV.NS) and cement units ACC Ltd (ACC.NS) and Ambuja Cements (ABUJ.NS). The panel said, citing SEBI, there was evidence of a build-up in short positions on Adani group stocks ahead of the Hindenburg report.
☆ India's top court gives market watchdog 3 more months to finish Adani probe
  + stars: | 2023-05-17 | by ( Jayshree P Upadhyay Arpan Chaturvedi | Jayshree P Upadhyay | Arpan Chaturvedi | ) www.reuters.com   time to read: +2 min
MUMBAI, May 17 (Reuters) - India's Supreme Court on Wednesday granted the country's market regulator additional time till August 14 to complete its investigation into possible violation of securities law and regulatory disclosures by the Adani group. Hindenburg Research had raised several governance concerns around the Adani group, leading to a loss of more than $100 billion in the market capitalisation of companies in the group founded by billionaire Gautam Adani. Following this, the Supreme Court had asked SEBI to probe some of the allegations made and submit a report to a court-appointed panel. Adani group companies are being probed for violation of this law. The Supreme Court directed the market regulator to place on record its findings so far relating to the investigation on violation of public float by the Adani group.
☆ India market regulator seeks six-month extension to complete Adani probe
  + stars: | 2023-04-29 | by ( Jayshree P Upadhyay Arpan Chaturvedi | Jayshree P Upadhyay | Arpan Chaturvedi | ) www.reuters.com   time to read: +2 min
MUMBAI, NEW DELHI, April 29 (Reuters) - India’s market regulator has asked for a six-month extension to complete its probe into possible lapses in securities market laws and regulatory disclosures by billionaire Gautam Adani's Adani group, according to a court document seen by Reuters. SEBI and the Adani group did not immediately respond to a Reuters request for comment. The Supreme Court asked the regulator to conduct an inquiry into Adani after U.S.-based short-seller Hindenburg Research raised concerns around its governance practices in a January report. In its application, the regulator said it needed more time "to conduct a proper investigation and arrive at verified findings". The regulator said that it had received information from several Adani group entities.
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