The difficulties of Adani Group do not seem to end. After Hindenburg, Forbes in one of its reports has made a big allegation against Gautam Adani’s brother Vinod Adani. The report claimed that the promoter’s stake in the group was pledged for the loan.
After the report of the American short-selling company Hindenburg Research, the difficulties are not ending for the Adani Group. Regarding Adani Group, Forbes has now made a big claim in its report about Gautam Adani’s elder brother Vinod Adani. Hindenburg also tweeted the Forbes report, which made the claim. That the promoter’s stake of Adani Group has been pledged for the loan.According to the report, the Singapore unit of a private company controlled by Vinod Adani has pledged Adani’s promoter’s stake worth $240 million for a loan from a Russian bank.
The market value of the seven listed firms of the Adani group has declined by $125 billion since Hindenburg’s January 24 report.Forbes claimed in its report that Vinod Adani, who is an overseas Indian. He has been at the center of offshore companies linked to the Adani Group for a long time. Means that mainly related to business.Vinod Adani is living in Dubai and manages business ventures there as well as in Singapore and Jakarta. According to the Hurun India Rich List, he is the richest non-resident Indian in the world.
The Forbes report claimed that Pinnacle Trade and Investment Pte., a Singapore company indirectly controlled by Vinod Adani. Lte. In the year 2020, had entered into a loan agreement with VTB Bank of Russia. As of April 2021, Pinnacle borrowed $263 million and lent $258 million to an unnamed party.
Pinnacle represented Afro Asia Trade & Investments and Worldwide Emerging Markets Holding Limited as guarantors for the loan. Both of them are major shareholders of Adani Group. Both have $4 billion worth of stock in Adani Group companies. According to experts, the allegations of wrongdoing on the Adani Group become more serious with this report. The Forbes report vindicates Hindenburg’s allegations against the company.
Hindenburg has claimed in its report that the listed seven companies of Adani Group are 85 percent overvalued. The report also claims that the Adani group has been engaged in stock manipulation and money laundering for decades. Since this report, the shares of Adani Group have fallen drastically and the market capitalization of the companies has come down to half.
By-NareshAll things considered, 2022 was a pretty great year for Hollywood. Sure, like every year in this century, the box office was utterly dominated by movies made by big studios ...
In Test cricket, Team India has performed very well in recent years. Fast bowler Mohammed Shami has also played an important role in the success of the Indian team. Shami ...
Ahead of the ceremony, the couple can be seen posing with their familyAnant Ambani, son of Reliance Industries Chairman Mukesh Ambani and wife Nita, is all set to get engaged ...
Bollywood actresses Kiara Advani and Siddharth Malhotra are now officially married. The two tied the knot on February 7 at Suryagarh Fort in Jaisalmer. Now for the first time after ...
Sherlyn Chopra shared on Twitter that Rakhi Sawant has been arrested. Sherlyn Chopra shared "Rakhi Sawant arrested" on Twitter. The actress took to her verified Twitter account writing that Rakhi ...
A heart-wrenching incident has happened in UP's Kanpur regarding the dispute between husband and wife. In this incident that took place in Malav village of Chaubepur police station area of ...
Due to the strong fall in Pakistani currency, the poor economy has suffered a big blow. Due to the antics of Pakistan, the debt of the country and the world ...
Bollywood actress Swara Bhaskar got married. Swara Bhaskar has done a court marriage with political activist Fahad Ahmed. While sharing a video on social media, Swara informed about her marriage. ...
By-NareshThe petition came up before Justice Anup Jairam Bhambhani who transferred it to the bench of Justice Jasmeet Singh as Mondal's counsel submitted that other connected matters are pending before ...
On Tuesday, 81-year-old Asaram was sentenced to life imprisonment for raping a Surat woman. Gujarat's Gandhinagar sessions court convicted Asaram on Monday. Earlier, on April 25, 2018, the Jodhpur court ...
17 most anticipated Hollywood movies of 2023: ‘Oppenheimer’,
Mohammed Shami wanted to retire from cricket, India’s
In Pics: Anant Ambani, Radhika Merchant All Smiles
Bollywood’s new couple Siddharth-Kiara appeared in matching outfits
Sherlyn Chopra shared on Twitter that Rakhi Sawant
After a quarrel, both husband and wife committed
Economic crisis on the people of Pakistan, there
Swara Bhaskar’s court marriage with boyfriend Fahad Ahmed,
Cattle Smuggling: TMC’s Anubrata Mondal Moves Delhi HC
Asaram Bapu: Life imprisonment to Asaram Bapu in
https://english.n27news.in/2023/02/adani-vs-hindenburg-adani-group-mortgaged-stakes-to-take-loan-from-russian-bank-will-be-surprised-to-know-the-price/https://english.n27news.in /wp-content/uploads/2023/02/image-82.pnghttps://english.n27news.in /wp-content/uploads/2023/02/image-82-150x150.pngN27 NewsEconomyAdani vs Hindenburg: Adani group mortgaged stakes to take loan from Russian bank,n27news.in,will be surprised to know the price!The difficulties of Adani Group do not seem to end. After Hindenburg, Forbes in one of its reports has made a big allegation against Gautam Adani's brother Vinod Adani. The report claimed that the promoter's stake in the group was pledged for the loan.
After the report of the American...N27 NewsN27Adminenglish@n27news.inEditorN27 News
Leave a Reply