Adani Group's loss swells to $65 billion; Hindenburg responds to charges

[nahtanbob]

US-based investment firm GQG Partners invests USD 1.87 billion in Adani Group
Washington [US], March 3 (ANI): United States boutique investment firm GQG Partners has bought shares worth USD 1.87 billion in four Adani group companies, Reuters reported.

The decision of GQG marks the first major investment in the Adani group since a short-sellers critical report resulted in a stock rout.

GQG took a 3.4 per cent stake in Adani Enterprises for around 662 million, 4.1 per cent in Adani Ports for USD 640 million, 2.5 per cent in Adani Transmission for USD 230 million, and a 3.5 per cent stake in Adani Green Energy for USD 340 million, Reuters reported citing the filing.

Seven listed Adani companies have lost around USD 135 billion in market value since January 24, when Hindenburg Research accused it of improper use of offshore tax havens and stock manipulation. The group, led by Gautam Adani, refuted the allegations. Adani group later called off a USD 2.5 billion share sale.

The development came after Supreme Court asked market regulator SEBI to probe the group for any lapses with respect to public shareholding norms or regulatory disclosures, as per the Reuters report. The Adani Group has been attempting to reassure investors with road shows and calls with bondholders.

Adani group has told creditors that it has secured a USD 3 billion loan from a sovereign wealth fund. US-based GQG has bought shares worth Rs 154.46 billion in four Adani group companies, including the conglomerate’s flagship firm Adani Enterprises, Reuters reported citing a regulatory filing. Adani family trust sold the shares using Jefferies as a broker.

GQG, which is based in Florida, manages USD 88 billion in assets, in global, US and emerging markets equities funds. In early Australian trade, GQG Partners shares witnessed a drop by 2.3 per cent while the S&P/ASX200 witnessed a rise of 0.4 per cent on Friday.

It boils down to the price of Adani's assets. It was clear it is not worth the same value as 2 month ago

Adani group has told creditors that it has secured a USD 3 billion loan from a sovereign wealth fund

I am sure the country is UAE

 

[Tafob]

It boils down to the price of Adani's assets. It was clear it is not worth the same value as 2 month ago


I am sure the country is UAE

Why would an American Investment Firm invest close to 2 Billion $ to acquire just 3-4% stake in just 4 companies of a Group accused of "stock manipulation" and "accounting fraud" ? ? ?

Are they not aware of the "Hindenberg Report" ?

Are you saying that this Investment company does not know what its doing OR that the Hindenberg Report was Fake ? One of this has to be True.

 

[Laozi]

Why would an American Investment Firm invest close to 2 Billion $ to acquire just 3-4% stake in just 4 companies of a Group accused of "stock manipulation" and "accounting fraud" ? ? ?

Are they not aware of the "Hindenberg Report" ?

Are you saying that this Investment company does not know what its doing OR that the Hindenberg Report was Fake ? One of this has to be True.

Hindenberg Report accused Adani Group of manipulation and claimed that it has short sold the stocks. In turn it made a profit of Billions of dollars by hammering down the prices.

GQG Partners has invested USD 1,87 Billion in Adani Group companies when the prices of stock is down by more than 80 percent of what it used to be.

Indian investors have been made a sucker by a bunch of American guys with the help of few traitors in Indian media.

Are you saying that this Investment company does not know what its doing OR that the Hindenberg Report was Fake ? One of this has to be True.

Hindenberg has a shady record and only invested in spreading rumors

GQG Partners owns USD 100 Billion fund and invested Hard Cash

Choose your pick

 

[Libexer]

Hindenberg Report accused Adani Group of manipulation and claimed that it has short sold the stocks. In turn it made a profit of Billions of dollars by hammering down the prices.

GQG Partners has invested USD 1,87 Billion in Adani Group companies when the prices of stock is down by more than 80 percent of what it used to be.

Indian investors have been made a sucker by a bunch of American guys with the help of few traitors in Indian media.


Hindenberg has a shady record and only invested in spreading rumors

GQG Partners owns USD 100 Billion fund and invested Hard Cash

Choose your pick

There is nothing to "pick".

Hindenberg is among dozens of prominent firms that are being investigated by the DoJ (since 2021) for potentially illegal trading tactics. According to several media reports from last year, federal prosecutors have seized hardware, trading records and private communications as the investigation continues.

Both Hindenburg Research and Nate Anderson feature in the DoJ's requests for information.


This investment into Adani just goes to show,

 

[nahtanbob]

Why would an American Investment Firm invest close to 2 Billion $ to acquire just 3-4% stake in just 4 companies of a Group accused of "stock manipulation" and "accounting fraud" ? ? ?

Are they not aware of the "Hindenberg Report" ?

Are you saying that this Investment company does not know what its doing OR that the Hindenberg Report was Fake ? One of this has to be True.

For the mentally challenged the Hindenburg report was released when Adani group was valued at a certain level
I do not keep track of valuations. You should ask Mr Adani what the valuations were

 

[Libexer]

For the mentally challenged the Hindenburg report was released when Adani group was valued at a certain level
I do not keep track of valuations. You should ask Mr Adani what the valuations were

So when you claimed Adani were into "stock manipulation" and "Accounting Fraud", you were basically LYING ?

or was it something more sinister than that ?

like collaborating with Other entities to drive down the price of Adani so that it can be brought cheap ?

The only PROVEN Fraud and unethical behavior I have seen so far is by Americans, not Indian businessmen.

 

[chinasun]

65 billion U.S. dollars, about 10 billion U.S. dollars belong to Modi. Fortunately, as long as Modi is still the prime minister. Adani is not going out of business. Now is a good time to buy Adani stock.

 

[Tafob]

65 billion U.S. dollars, about 10 billion U.S. dollars belong to Modi. Fortunately, as long as Modi is still the prime minister. Adani is not going out of business. Now is a good time to buy Adani stock.

What will Modi do with 10 Billion $ ?

He has no children, no wife, no mistress and no Family.

 

[Imran Khan]

What will Modi do with 10 Billion $ ?

He has no children, no wife, no mistress and no Family.

ye wasy sharam ki baat hai he is living like animal not human. he never experianced love sex kids childhood of babies schooling growing kids playing with them .

 

[Cheepek]

ye wasy sharam ki baat hai he is living like animal not human. he never experianced love sex kids childhood of babies schooling growing kids playing with them .

An animal has sex, experiences love, has kids, even takes care of the offspring in it's own way.

You are more closer to an animal than Modi.

Waise to apne to kar liya na sab experience, to kya jhanda ukhaad liya?

 

[Imran Khan]

An animal has sex, experiences love, has kids, even takes care of the offspring in it's own way.

You are more closer to an animal than Modi.

Waise to apne to kar liya na sab experience, to kya jhanda ukhaad liya?

ok my apology to animals modi is worse then animals

my dear modi type of psychopathic having nuke button is dangerous for india itself . he has nothing to loose right ?

 

[Cheepek]

ok my apology to animals modi is worse then animals

my dear modi type of psychopathic having nuke button is dangerous for india itself . he has nothing to loose right ?

You are in luck, he loves animals.

 

[Imran Khan]

You are in luck, he loves animals.

but he hate humans right ?

 

[Libexer]

An animal has sex, experiences love, has kids, even takes care of the offspring in it's own way.

You are more closer to an animal than Modi.

Waise to apne to kar liya na sab experience, to kya jhanda ukhaad liya?

Remember his namesake boasting of humping a random woman "like a horse" (in his own words). This is the 72 year old grandfather they prefer and cheer for. A man who proudly compares himself to an animal.

Its quite futile to expect them to understand the qualities of self restraint, sacrifice and selfless service.

Ironically one of their mythical prophet Jesus did not do any of these things either and a whole bunch of his priests unsuccessfully try to live by that very principle.

Their heroes are slave traders like ghori and gaznavi. Its foolish to compare values with them.

but he hate humans right ?

Sure, he is loved, cherished and respected by a Billion Humans because he "hate humans".

 

[nahtanbob]

So when you claimed Adani were into "stock manipulation" and "Accounting Fraud", you were basically LYING ?

or was it something more sinister than that ?

like collaborating with Other entities to drive down the price of Adani so that it can be brought cheap ?

The only PROVEN Fraud and unethical behavior I have seen so far is by Americans, not Indian businessmen.

Adani was into stock manipulation for sure. He has not responded to his associations with the shell companies the Hindenburg report alleges.. All he had to say publicly that he or his family members or corporate employees are nothing to do with those shell companies. Do not expect Indian authorities to investigate those companies.

Double Yawn. Price of stock can go down when someone sells and no one buys. If Adani's companies were a great buy at the elevated prices how come none of your countrymen
purchased it ? The only American to have purchase Adani company shares at these beaten down prices is an Indian origin money manager

It is amazing Adani business prowess and investment is in sectors that depend on government patronage