In a stock exchange filing on Sunday, 360 One Wam Limited said its IPE-Plus Fund 1 had made zero investments in any shares of the Adani Group, refuting claims by Hindenburg
Adani Group has rejected the fresh allegations by Hindenburg Research, saying the US-based short seller using manipulative information for profiteering
As per reports, Hindenburg had shared its report on Adani with their client two months prior to publication, enabling them to obtain 'unfair' profits from the stock price movements in a brokered deal using the report.
It is important to note that in all these baseless issues lies one underlying thing – to target the incorruptible image of Prime Minister Narendra Modi.
The US official confirmed that the DFC was satisfied with its due diligence as it found no relevance in Hindenburg's allegations of Adani pulling off supposed corporate malpractices.
The committee also acknowledged Adani Group's efforts to comfort their investors. The committee also noted that there were short-selling profits made by entities after the Hindenburg report was published and that it should be probed.
Mauritius has refuted claims that the Adani Group's Shell companies are present in the Island country, an allegation that Congress has repeatedly used to target the Indian conglomerate