Adani Group stocks partially recovered losses, with a few of those even ending the day in green after falling deep in red in the morning trading on Monday, 12 August.
Adani Enterprises, Adani Ports, Adani Power, Adani Energy Solutions, and other shares had lost as much as 5-6 percent in the early morning trade, after a fresh report by US-based short seller Hindenburg Research. The conglomerate's stocks ended the day mixed, with a few closing with mild gains, while others losing up to 4 percent.
| Adani Group Stocks | Gain / Loss | LTP |
| Adani Enterprises | Down 1.5 percent | Rs 3,141 |
| Adani Ports and SEZ | Down 2.3 percent | Rs 1,498 |
| Adani Green Energy | Up 0.2 percent | Rs 1,785 |
| Adani Energy Solutions | Down 3.3 percent | Rs 1,068 |
| Adani Wilmar | Down 4.1 percent | Rs 369 |
| Adani Power | Down 1.2 percent | Rs 687 |
| Adani Total Gas | Down 4 percent | Rs 836 |
| Ambuja Cements | Up 0.7 percent | Rs 636 |
Also read | SEBI Chair Madhabi Puri Buch, husband strongly rebut Hindenburg allegations, claim character assassination
Earlier, over the weekend, Hindenburg released a fresh report. It alleged that SEBI chairperson Madhabi Puri Buch may not have conducted a proper investigation into impropriety at Adani group firms because of a potential conflict of interest from having invested in same funds that were used by the Adani executives for moving money.
Market regulator SEBI, and Madhabi Puri Buch and her husband Dhaval Buch have denied the allegations, releasing detailed rebuttals to the claims made in the Hindenburg report. SEBI has also confirmed that the chairperson had made proper disclosures at all times.
Madhabi Buch and Dhaval Buch said they held no investments in Adani entities. Blackstone was added to Madhabi’s recusal list with Sebi on Dhaval’s appointment as an adviser to the investment fund, they said, adding that two consulting firms set up by Madhabi became dormant on her appointment at SEBI.
Also read | SEBI refutes Hindenburg's claims of REIT regulation bias as "inappropriate"
SEBI, on its part, refuted Hindenburg allegations that amendments to Real Estate Investment Trusts (REITs) regulations were intended to benefit major financial conglomerates such as Blackstone. The regulator said that it has consistently highlighted the role of REITs, SM REITs, InvITs, and Municipal Bonds, etc to advance the Indian securities market.
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