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NEW DELHI (Reuters) -Gautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a U.S. short-seller's criticisms wiped billions ...
Indian industrialist Gautam Adani has lost a lot of money over the last month. His net worth is about $67 billion less (as of 2/15/23) than it was on January 24 when Bloomberg estimated it at $119 billion and the publicly traded companies he controls have lost over $100 billion in market value.
The Organised Crime and Corruption Reporting Project (OCCRP) reported in August 2023 that it had documents which prove how the Adani Group used individuals and front companies to buy and sell Adani stocks thus bypassing Indian securities laws that seek to prevent share price manipulation. The OCCRP named two individuals — Nasser Ali Shaban ...
Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad.Founded by Gautam Adani in 1988 as a commodity trading business, the Group's businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons, and infrastructure. [12]
Adani Green and the other firm’s high prices turned off India's state-run electricity distributors, which buy power from the national government and provide it to homes and businesses.
NEW DELHI (Reuters) -Adani Group founder Gautam Adani responded for the first time on Saturday to allegations by U.S. authorities that he was part of a $265 million bribery scheme, saying that his ...
In June of 2020, a renewable energy company owned by Indian billionaire Gautam Adani won what it called the single largest solar development bid ever awarded: an agreement to supply 8 gigawatts of ...
Indictment against Gautam Adani et al. is a 2024 federal indictment in the United States District Court for the Eastern District of New York. [1] Indian billionaire Gautam Adani and seven top business executives of Adani Group and its affiliates have been charged for their alleged involvement in a scheme to pay hundreds of millions of dollars in bribes to Indian government officials and to ...