HINDENBURG REPORT ON ADANI
PM Modi's 'billionaire raj' more unequal than even British Raj: Congress
The Congress has criticized Narendra Modi's government, claiming it fosters economic inequality. A report from Hurun India Rich List reveals India created a new billionaire every five days in 2023. Congress alleges the government's silence on global billionaire tax is deliberate, pointing to Adani's wealth surge as evidence.
Gautam Adani family wealth surges 95% in 1 year to Rs 11.6 lakh crore: Hurun Rich List
Despite negative publicity from the Hindenburg report, Gautam Adani’s family wealth surged by 95% to Rs 11.6 lakh crore over the past year, adding Rs 5,65,503 crore, according to the 2024 Hurun India Rich List. As a self-made entrepreneur, Adani achieved the highest wealth growth among the top 10 over the past five years, increasing his net worth by Rs 10,21,600 crore despite the Hindenburg crisis.
Adani Enterprises likely to launch Rs 800-crore public bond issue on Sept 4
Adani Enterprises plans to launch a public bond issue worth ₹800 crore on September 4. The issue, managed by the Trust Group, AK Capital, and Nuvama Wealth Management, has a base size of ₹400 crore and an option to keep another ₹400 crore under the green shoe option. The bonds are expected to be rated A+.
Billionaire Adani's Mumbai slum revamp struggles to secure land in potential setback
Billionaire Gautam Adani's joint venture encountered difficulties in acquiring land to rehouse residents of Mumbai's Dharavi slum. Although they secured a $619 million redevelopment bid, securing additional land for those not eligible for free homes remains challenging, which could delay the ambitious project timeline.
Billionaire Gautam Adani to revamp family offices, hire auditors and CEO to boost oversight
Billionaire Gautam Adani plans to hire auditors from a top global firm and appoint a CEO for his family offices to improve transparency and disclosure. This move follows last year’s scrutiny by Hindenburg Research over the group’s opaque operations. Professionals will be hired to oversee shareholding and financial reporting, making the family office fully operational by April 2025.
Adani Group touts cash pile to ease Hindenburg-fueled concerns
The Adani Group has reassured investors by stating it has sufficient cash to cover over 30 months of debt payments, addressing liquidity concerns as it plans new fundraising for its flagship unit. As of the end of Q1 of the fiscal year, its cash reserves accounted for 24.8% of its gross debt, up from 17.7% a year earlier.
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Hindenburg tip of iceberg, only JPC probe can unravel truth of Adani 'scam': Congress
Hindenburg Adani Report: The Congress party is calling for a Joint Parliamentary Committee (JPC) investigation into the Adani Group, arguing that the issues go beyond the findings of Hindenburg Research. Congress general secretary Jairam Ramesh stated that Hindenburg's report only covers capital market issues, while the alleged irregularities involve broader misuse of investigative agencies, preferential treatment from government banks, manipulation of foreign policy, and over-invoicing in various sectors.
'Funds mentioned by Hindenburg not Mauritius-domiciled'
The Mauritius regulator refuted claims by Hindenburg Research regarding IPE Plus Fund and its alleged connections to shell entities. The Financial Services Commission emphasized their strict compliance regulations. The Buch couple, linked to the fund, responded, asserting their investments were made while they were private citizens in Singapore, prior to Madhabi Buch's tenure at Sebi.
Hindenburg report: Cong announces nationwide protest on August 22 for SEBI chief resignation, JPC probe
Congress announced a nationwide agitation on August 22 demanding SEBI Chief Madhabi Puri Buch's resignation and a JPC probe into the Adani issue following allegations of a nexus. Congress president Mallikarjun Kharge emphasized the need for a thorough investigation and protection of small investors' money. The Modi government was urged to seek the SEBI chairperson's resignation and form a JPC. The allegations have sparked a political debate, with the BJP accusing the opposition of creating financial instability.
Read Hindenburg report? Now let's decode its 416-word disclaimer in 4 simple points
Markets regulator Sebi was the first to caution investors to read the disclaimer in the report, noting that Hindenburg Research may hold short positions in the securities discussed. While the Opposition has called for Sebi chief Madhabi Puri Buch's resignation, citing a "conflict of interest" in the Adani vs. Hindenburg investigation, investors have dismissed the whistle-blower's report as an "attack on India" due to its lack of substance.
Former finmin official writes to FM Sitharaman seeking judicial probe into Hindenburg allegations
Former bureaucrat E A S Sarma has written to Finance Minister Nirmala Sitharaman, seeking a judicial probe into allegations of a conflict of interest preventing Sebi chairperson Madhabi Puri Buch from probing charges against the Adani group. Sarma called the allegations by US short-seller Hindenburg Research highly disturbing and demanded an independent agency to ascertain the factual accuracy of the accusations.
View: Hindenburg steps up Adani round two with SEBI; Rahul Gandhi unlikely to let the fodder go to waste
Hindenburg Research's latest report questions the neutrality of India's stock-market watchdog, SEBI, amid ongoing scrutiny of Gautam Adani. Allegations suggest a conflict of interest involving SEBI's chairperson, Madhabi Puri Buch, and her investment links. With Adani's fortunes rebounding, the Congress Party is pushing for a parliamentary probe.
Hindenburg-Sebi Row: Govt won't interfere in 'malicious' report that seeks to destroy Indian markets
Hindenburg Sebi Chairman Report: The Indian government is expected to refrain from intervening in the dispute over Sebi chief Madhabi Puri Buch's supposed offshore investments linked to the Adani family as alleged by Hindenburg. Officials labeled the accusations as baseless, noting Hindenburg’s potential market manipulation motives. Buch and her husband asserted that the investments were made prior to her Sebi role and are now dormant.
'Hindenburg report a move to destroy India's markets': Govt
The government considered the Hindenburg report an intentional effort to damage India's markets and SEBI's credibility. SEBI chairperson Madhabi Puri Buch dismissed the allegations, asserting that all necessary disclosures were made. Hindenburg accused Buch and her husband of having conflicts of interest with investments connected to the Adani Group but lacked solid evidence.
Opposition demands Sebi chief's resignation, JPC probe into report
The Opposition INDIA bloc has intensified its criticism of the government following the latest Hindenburg Research report, calling for the resignation of Sebi chief Madhabi Puri Buch and demanding a Supreme Court inquiry and a Joint Parliamentary Committee investigation. Congress leaders, including Rahul Gandhi, accused Buch of conflict of interest and questioned the integrity of Sebi's probe into the Adani group. They also highlighted concerns about Buch’s prior interactions with Adani and called for immediate action to address these conflicts.
Hindenburg report: Parliament suddenly got adjourned sine die, now we know why, says Congress
Hindenburg report: The Congress Party used the Latin phrase "Quis Custodiet Ipsos Custodes" (Who will guard the guards themselves) to criticize SEBI Chairperson Madhabi Buch following allegations by US short-seller Hindenburg Research. Hindenburg claimed that Buch and her husband had stakes in obscure offshore funds involved in the Adani money siphoning scandal.
EXPLAINER-Adani vs Hindenburg Research: What you need to know
Hindenburg Research has accused SEBI Chairperson Madhabi Puri Buch of a conflict of interest in its investigation of Adani Group. Hindenburg claimed that Buch and her husband had investments in offshore funds linked to Adani. SEBI and Buch denied any wrongdoing, stating all necessary disclosures were made. The investigation has seen mixed reactions.
"Get ready to sit in Oppn all your life": Kangana Ranaut takes on Rahul Gandhi for 'endorsing' Hindenburg report
BJP MP Kangana Ranaut targeted Rahul Gandhi, accusing him of destabilizing India's security and economy by endorsing the Hindenburg report's claims against SEBI Chairperson Madhabi Buch. Ranaut labeled Gandhi dangerous, while Gandhi had questioned the integrity of India's stock market. Buch denied the allegations, calling them baseless.
BJP's CR Kesavan criticises Hindenburg report, questions Congress, INDIA bloc's "motive, motivation"
BJP spokesperson CR Kesavan condemned the Hindenburg report against SEBI Chairperson Madhabi Buch as a baseless retaliation. Accusations of financial misconduct were denied by Buch and SEBI. Rahul Gandhi voiced concerns about SEBI's compromised integrity, citing potential risks to the Indian stock market, while SEBI dismissed the claims as malicious.
New Hindenburg report has shattered SEBI, govt, PM's integrity, says Congress
Congress leader Supriya Srinate criticized SEBI and its chief Madhabi Buch's integrity following Hindenberg's report on the Adani group. She implied Buch's connections with Adani may have influenced SEBI's inaction, raising concerns about governmental transparency. Srinate stressed the necessity of a proper investigation as urged by the Supreme Court.
Explained: Who is behind Hindenburg Research and what is their allegation on Madhabi Puri Buch
The Adani vs Hindenburg saga continued as Hindenburg accused Sebi chief Madhabi Puri Buch and her husband of having stakes in offshore entities linked to Adani. This came after Sebi issued a notice to Hindenburg for market regulation violations. Both Buch and Adani denied the allegations, with Adani regaining its market position.
"Nothing in report is credible...": Rajeev Chandrasekhar trashes Hindenburg report alleging SEBI-Adani link
On the Hindenburg report with allegations on SEBI Chief and her husband, BJP leader and former Union Minister Rajeev Chandrasekhar on Sunday trashed the Hindenburg report and said that nothing in the report is credible.
Hindenburg report: Gautam Adani-led co denies commercial relationship with SEBI chairperson Madhabi Puri Buch
The Adani Group has denied allegations from US short seller Hindenburg Research that SEBI chairperson Madhabi Puri Buch was involved in offshore entities involved in the Adani money siphoning case. The group denied any commercial relationship with individuals or matters mentioned and reiterated that its overseas holding structure is fully transparent. The group also dismissed Hindenburg's allegations as baseless and accused the US-based company of attempting character assassination in response to a show-cause notice issued by the regulator in the Adani controversy.
Who is Dhaval Buch? SEBI chief’s husband under spotlight in Hindenburg report
Dhaval Buch: Hindenburg Research alleged SEBI chairperson Madhabi Puri Buch and husband Dhaval Buch had stakes in a fund with investments from Vinod Adani. Ahead of Madhabi's SEBI appointment, funds were reportedly moved out of her name. During his time at Blackstone, Dhaval was linked to further investments in Vinod Adani's firms.
Who is Madhabi Puri Buch? The SEBI chief allegedly embroiled in Hindenburg’s latest Adani report
Madhabi Puri Buch, the first female chairperson of SEBI, faces serious allegations from Hindenburg Research, claiming her involvement in offshore entities tied to the Adani Group's alleged money siphoning. The report suggests Buch and her husband, Dhawal Buch, held accounts in funds linked to Adani's offshore activities. This controversy casts a shadow over Buch’s otherwise illustrious career in finance, marked by her pioneering role at SEBI and her extensive contributions to India’s financial sector.
Hindenburg alleges Sebi head Madhabi Buch had stakes in obscure offshore funds used in Adani scandal
Hindenburg Report: Hindenburg Research has accused Madhabi Buch, the chairperson of India's Securities and Exchange Board of India (SEBI), and her husband of having stakes in obscure offshore funds linked to the Adani money siphoning scandal. The short-seller claims that despite its previous report exposing alleged financial misconduct by the Adani Group, SEBI has shown a lack of interest in investigating these offshore entities.
Hindenburg teases another bombshell: Does it still have the sting?
The Hindenburg teaser is aimed at whetting curiosity and fuelling speculation, ostensibly aiming at disrupting the market. Unlike analysis of listed companies by other research bodies, Hindenburg has a characteristic sensational style. In its report against the Adani group last year, it had accused the group of pulling "the largest con in corporate history".
Who after Adani? Hindenburg Research says something 'big' soon India
Hindenburg Research has hinted at another significant revelation related to India. On Saturday, Hindenburg posted on X, stating, "Something big soon India." Last year, on January 24, Hindenburg released a report criticizing the Adani Group just before Adani Enterprises' planned share sale. The report resulted in an $86 billion decline in Adani Group's market value and a significant sell-off of its overseas listed bonds.
After Kotak twist & China spies, Hindenburg vs Adani gets murkier as new details emerge in the drama
Adani-Hindenburg row: In the ongoing Adani-Hindenburg saga, new revelations show that US short-seller Hindenburg Research shared its critical report on the Adani group with New York hedge fund manager Mark Kingdon months before its public release. According to Sebi, this collaboration involved a profit-sharing agreement tied to significant declines in Adani's market value, exceeding USD 150 billion across 10 listed firms.
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