Taking advantage of the Hindenburg effect, the Adani Group is back on its expansion path via an inorganic route. On Thursday, Ambuja Cements said it acquired Sanghi Industries (SIL) for a value of ₹5,000 crore. The acquisition will be fully funded by internal accruals. Ambuja will acquire 56.74% of SIL from its existing promoter group,
The Securities and Exchange Board of India (SEBI) released a consultation paper seeking to impose additional transparency measures on foreign portfolio investors (FPI) who pose a high risk. Among other things, these disclosures are intended to prevent misuse of the FPI route by foreign investors to take over Indian companies. By highlighting other risks, such
First among the equals is Adani group stock Ports and SEZ, which has seen its share price bounce back to pre-Hindenburg levels. As of Tuesday, Adani Ports & SEZ shares rose by 6% to 773 apiece, up from the closing price of 761 on January 24. Hindenburg Research’s report was published on that day, sparking
