Committed to laws in all markets: Adani Group
MUMBAI: The US regulators are reported to have begun inquiries into presentations by Adani Group to American investors after US short-seller Hindenburg Research on January 24 this year published a detailed report on Adani group in which it alleged that the conglomerate, among other things, had used offshore companies to manipulate its stock price, cooked its books and other corporate malfeasance.
On Friday, Adani Enterprises lost 6.8%, Adani Transmission 6.4% and Adani Power closed 5.4% lower. The other seven stocks from the group lost between 1.5% and 4.2%, BSE data showed.
