adanigroup
By Ritika Jain Supreme Court on Wednesday said no valid grounds were raised that necessitated the transfer of the SEBI probe to an SIT in the Hindenburg Research allegations of stock price manipulation by the Adani group of companies. There were no grounds to doubt the market regulator’s probe, the court said. The bench, led by Chief Justice of India DY Chandrachud, said there was no regulatory failure on SEBI’s part and the market regulator cannot be expected to carry on with its work based on press reports. The top court clarified, “Investigative reports by press can act as inputs for SEBI b...
BOOM Live
By Ritika Jain The Supreme Court-appointed Expert Committee—constituted in the aftermath of the Adani-Hindenburg saga said it was not possible to conclude regulatory failure on SEBI’s part since it was actively engaged with developments and price movements in the market. The six-member committee noted that since the Securities and Exchange Board of India (SEBI) sought additional time to probe the Hindenburg report allegations against Adani Companies, it was premature to conclude if it failed in its role as a market regulator. SC on May 17 gave SEBI time till August 14 to conclude it's probe in...
BOOM Live
By Ritika Jain Supreme Court on Thursday directed the Securities Exchange Board of India to probe the allegations leveled in the Hindenburg Research report against the Gautam Adani-led Adani Group of companies. The top court directed the regulatory body to complete its probe in two months. As part of its probe, the top court further directed SEBI to look at whether the Security Contract Regulation Rules were violated and if there was any manipulation of stock prices. The top court also constituted an expert committee led by ex-Supreme Court judge AM Sapre and comprising ex-chief of the New Dev...
BOOM Live
By Ritika Jain Supreme Court on Friday said it wanted complete transparency in the Adani-Hindenburg matter while rejecting the Centre’s suggestions submitted in a sealed cover. The top court said the public must have full confidence and that it would appoint the committee which would probe how to protect Indian investors. “We will not accept the sealed cover suggestion by you because we want to maintain full transparency,” the bench told Solicitor General Tushar Mehta. “If we accept suggestions in a sealed cover, it is like we have kept it away from the other side as people will think it is a ...
BOOM Live
What’s New In Activism – ValueAct Takes Stake In SpotifyValueAct Capital Management took a stake in music streaming company Spotify Technology SA (NYSE:SPOT) in a move expected to push for a tightening on spending and overall efficiencies. The new position was disclosed by the hedge fund’s CEO Mason Morfit during a Friday presentation at Columbia University in New York. Q4 2022 hedge fund letters, conferences and more "Spotify's superpower was combining engineering breakthroughs with organizational abilities — it organized creators and copyright owners to build an entirely new economic model t...
ValueWalk
By Mohammed Kudrati Hindenburg Research - the activist short-selling firm that has targeted the Adani Group causing a massive meltdown in its stocks on the exchanges has not been banned from putting out research on United States (US)-based firms, as claimed by a viral message in India. The firm's founder, Nate Anderson, also took to Twitter to clarify that the claims on social media are not true. While the short seller was subpoenaed by the Department of Justice in early 2022 as part of a broader investigation into potential trading abuse, there is no evidence to show that this matter led to l...
BOOM Live
By Ritika Jain Regulators are equipped to handle situations like the Adani-Hindenburg saga, Centre told Supreme Court today. Though it did not want to undermine the expertise of agencies and regulatory bodies like SEBI, the government was open to the top court’s suggestion to the constitution of a committee which could propose changes in the regulatory framework if any, the Centre added. The remit of the committee would be very very relevant, Solicitor General Tushar Mehta said, but it would be advisable if the remit of the committee remained confidential, he added. Mehta, representing the Sec...
BOOM Live
By Ritika Jain Supreme Court said it was treading a cautious path when it asked the Centre to apprise the court on how it planned to ensure that Indian investors were protected against sudden volatility witnessed in the last two weeks because of the Adani-Hindenburg saga. It is said that the total loss by Indian investors has run into several lakh crores, Chief Justice of India DY Chandrachud said. Issuing notice, SC sought a reply from the Centre and the Securities and Exchange Board of India (SEBI)—the country’s statutory market regulator—on the existing regulatory framework, the relevant ca...
BOOM Live
By Ritika Jain Supreme Court said it was treading a cautious path when it asked the Centre to apprise the court on how it planned to ensure that Indian investors were protected against sudden volatility witnessed in the last two weeks because of the Adani-Hindenburg saga. It is said that the total loss by Indian investors has run into several lakh crores, Chief Justice of India DY Chandrachud said. Issuing notice, SC sought a reply from the Centre and the Securities and Exchange Board of India (SEBI)—the country’s statutory market regulator—on the existing regulatory framework, the relevant ca...
BOOM Live
By Archis Chowdhury Share prices of Adani Group companies have been on a freefall throughout the week. By Friday morning, the group's listed companies saw over US $100 billion wiped out in market cap, as per Bloomberg. Ten days ago, Gautam Adani was Asia's richest individual, and the world's third richest - with his triumph being closely linked to India's own story of successful growth. He was about to embark on India's largest further public offering of Rs. 20,000 crore (approximately US $2.4 billion) of Adani Enterprise shares. Following a week-long bloodbath after a report by short selling ...
BOOM Live
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら