{"id":551249,"date":"2023-01-31T10:07:23","date_gmt":"2023-01-31T04:37:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=551249"},"modified":"2023-01-31T11:19:10","modified_gmt":"2023-01-31T05:49:10","slug":"lic-reviewing-adani-group-response-to-short-sellers-allegation","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lic-reviewing-adani-group-response-to-short-sellers-allegation\/","title":{"rendered":"LIC reviewing Adani Group response to short seller\u2019s allegation"},"content":{"rendered":"<p>India\u2019s Life Insurance Corporation (LIC) said on Monday it was reviewing the Adani Group\u2019s response to scathing criticism by a U.S. short-seller and would hold talks with the group\u2019s management within days.<\/p>\n<p>Shares of companies in the group, led by Asia\u2019s richest person Gautam Adani, have lost about $66 billion since Hindenburg Research flagged concerns early last week about the business house\u2019s debt levels and the use of tax havens. Adani says it complies with all local laws and has made the necessary regulatory disclosures.<\/p>\n<p>\u201cPresently there is a situation that\u2019s emerging and we are not sure what is the factual position\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s Life Insurance Corporation (LIC) said on Monday it was reviewing the Adani Group\u2019s response to scathing criticism by a U.S. short-seller and would hold talks with the group\u2019s management within days. Shares of companies in the group, led by Asia\u2019s richest person Gautam Adani, have lost about $66 billion since Hindenburg Research flagged concerns early last week about the business house\u2019s debt levels and the use of tax havens. Adani says it complies with all local laws and has made the necessary regulatory disclosures. \u201cPresently there is a situation that\u2019s emerging and we are not sure what is the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-551249","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=551249"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551249\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=551249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=551249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=551249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}