The Adani Group’s Mr. Karan Adani informed an Investors’ Summit in Gwalior that the group would start a defence-manufacturing unit worth Rs 2,500 crore in Shivpuri, a cement grinding unit worth Rs 500 crore in Guna, and a jacket manufacturing unit at Badarwas.
This move is linked to a substantial loan facility amounting to Rs 12,770 crore sanctioned by the SBI for the greenfield airport project, according to a report by the Financial Express
The SEBI chief has already denied the allegations in the Hindenburg report as baseless.
In a stock exchange filing, the Group completely rejected these allegations “which are a recycling of discredited claims that have been thoroughly investigated, proven to be baseless and already dismissed by the Honourable Supreme Court in January 2024”.
Her response, Hindenburg said, publically confirms her investment in the obscure Bermuda/Mauritius fund structure, alongside money allegedly siphoned by Vinod Adani, the brother of Adani Group boss Gautam Adani.
Adani’s statement comes a day after Supreme Court lawyer Jai Anant Dehadrai filed a complaint with the Central Bureau of Investigation, in the form of an affidavit
The ministry has asked for the information and documents concerning the Mumbai International Airport Ltd (MIAL) and Navi Mumbai International Airport Ltd (NMIAL) for the financial years 2017-18 to 2021-22.
It claimed the attack is being fronted by Dan McCrum of the Financial Times who jointly with the OCCRP put out a false narrative against the Adani Group on August 31.
Congress leader Rahul Gandhi on Thursday accused Prime Minister Narendra Modi of “protecting one person” and asked why “he is…
The Adani Group has called the allegations made by Organised Crime and Corruption Reporting Project (OCCRP) as ‘recycled allegations’. Months…
