mishra Posted January 31 Share Posted January 31 (edited) 4 hours ago, Khota said: It is the one who does the most gets the attention. But the question is whether they did something wrong. What does that even mean? How do u quantify “does most”? i gave u hint as to what wrong he or others top Indian tickers doing in US terms. That wrong is NOT illegal in Indian terms. Hence Hindenburg was asking them to file lawsuit in US. Edited January 31 by mishra Link to comment Share on other sites More sharing options...
Khota Posted February 1 Share Posted February 1 2 hours ago, mishra said: What does that even mean? How do u quantify “does most”? i gave u hint as to what wrong he or others top Indian tickers doing in US terms. That wrong is NOT illegal in Indian terms. Hence Hindenburg was asking them to file lawsuit in US. Do you think courts in US don't understand that they don't have any jurisdiction over Indian law? Under_Score 1 Link to comment Share on other sites More sharing options...
Trichromatic Posted February 1 Share Posted February 1 Adani has lost close to 50 billion USD in last 2 weeks. Adani group shares tanked again today. https://www.telegraphindia.com/business/adani-group-stocks-fall-in-morning-trade-for-fifth-consecutive-day/cid/1913524 Link to comment Share on other sites More sharing options...
Khota Posted February 1 Share Posted February 1 Adani is not like bitcoin that will completely tank. They are a strong company with tangible assets. Correction will happen for sure. Link to comment Share on other sites More sharing options...
Lord Posted February 1 Share Posted February 1 Khota and Under_Score 1 1 Link to comment Share on other sites More sharing options...
SM2907 Posted February 1 Share Posted February 1 This should be simple. is there a fraud or not. These are publicly listed companies. All information is public. How can then there be yes and no on this Link to comment Share on other sites More sharing options...
randomGuy Posted February 1 Share Posted February 1 This is strange 1.fpo @3100 looked improbable with this report .... 2. But Fpo was successful and price rose to 3000-3100 3. Today, price tanked 30% to 2100/- 4. Adani comes out n says he will return the 20k cr collected in fpo at 3100 per share as the price has dropped the next day.. Link to comment Share on other sites More sharing options...
Khota Posted February 1 Share Posted February 1 1 hour ago, Lord said: A must read. If you inflate stock value is this punishable? Lord 1 Link to comment Share on other sites More sharing options...
ravishingravi Posted February 1 Share Posted February 1 34 minutes ago, randomGuy said: This is strange 1.fpo @3100 looked improbable with this report .... 2. But Fpo was successful and price rose to 3000-3100 3. Today, price tanked 30% to 2100/- 4. Adani comes out n says he will return the 20k cr collected in fpo at 3100 per share as the price has dropped the next day.. Not strange but bold. It's a strategic step. Hindenburg has hurt them where it hurts. Deleveraging is always a challenge that's looking to turn the corner. Link to comment Share on other sites More sharing options...
Under_Score Posted February 2 Share Posted February 2 (edited) This is the new lowest from Adani group Citing 'Jallianwala Bagh' massacre' type of attack on them....Shame!! https://www.deccanherald.com/business/business-news/adani-group-cfo-says-stocks-rout-similar-to-jallianwala-bagh-massacre-1186013.html Edited February 2 by Under_Score Link to comment Share on other sites More sharing options...
Under_Score Posted February 2 Share Posted February 2 9 hours ago, ravishingravi said: Not strange but bold. It's a strategic step. Hindenburg has hurt them where it hurts. Deleveraging is always a challenge that's looking to turn the corner. Bold? FPO most likely withdrawn by Adani due to this reason. But it couldn’t garner the desired interest from the retail shareholders. The BSE data till 5.18 pm showed that out of the reserved 2.29 crore shares for the retail individuals category, only 12 per cent shares were bid for. https://www.thehindubusinessline.com/markets/adani-fpo-lacklustre-retail-participation-does-it-matter-to-adani/article66454230.ece Link to comment Share on other sites More sharing options...
Stan AF Posted February 2 Share Posted February 2 20 hours ago, Trichromatic said: Adani has lost close to 50 billion USD in last 2 weeks. Adani group shares tanked again today. https://www.telegraphindia.com/business/adani-group-stocks-fall-in-morning-trade-for-fifth-consecutive-day/cid/1913524 100* now https://timesofindia.indiatimes.com/business/india-business/gautam-adani-groups-market-losses-hit-100-billion-as-stocks-sink-after-botched-share-sale/articleshow/97543722.cms?from=mdr Link to comment Share on other sites More sharing options...
velu Posted February 2 Share Posted February 2 13% down again .. screwed up the overall mkt sentiment @diga @jusarrived Link to comment Share on other sites More sharing options...
Stan AF Posted February 2 Share Posted February 2 I can't understand just how after the Nirav Modi/PNB scam just not that long ago LIC/Banks are allowed to loan this much again to shady companies??? Link to comment Share on other sites More sharing options...
velu Posted February 2 Share Posted February 2 1 hour ago, Under_Score said: Bold? FPO most likely withdrawn by Adani due to this reason. But it couldn’t garner the desired interest from the retail shareholders. The BSE data till 5.18 pm showed that out of the reserved 2.29 crore shares for the retail individuals category, only 12 per cent shares were bid for. https://www.thehindubusinessline.com/markets/adani-fpo-lacklustre-retail-participation-does-it-matter-to-adani/article66454230.ece for retail they can just buy it for 2600/2700rs instaed of subscribing it for 3100rs looks like ambanis , mittal , birlas and cadilla guys subscribed in NII category .. they cant buy in the open mkt without disturbing the price , but they subscribed to adani as a goodwill gesture along with abh dhabi fund ( you scratch my back and i scratch yours kinda deal ) Link to comment Share on other sites More sharing options...
diga Posted February 2 Share Posted February 2 1 hour ago, velu said: 13% down again .. screwed up the overall mkt sentiment @diga @jusarrived I never invested in Adani... portfolio still in green thanks to ITC, but down 18% now. BTW , I wonder where @Straight Drive is... Wasnnt he aged 60 something? Link to comment Share on other sites More sharing options...
SM2907 Posted February 2 Share Posted February 2 2 hours ago, Stan AF said: I can't understand just how after the Nirav Modi/PNB scam just not that long ago LIC/Banks are allowed to loan this much again to shady companies??? really. you cant understand. You do know the government is the king when it comes to such decisions. or you dont? diga 1 Link to comment Share on other sites More sharing options...
ravishingravi Posted February 2 Share Posted February 2 4 hours ago, Under_Score said: Bold? FPO most likely withdrawn by Adani due to this reason. But it couldn’t garner the desired interest from the retail shareholders. The BSE data till 5.18 pm showed that out of the reserved 2.29 crore shares for the retail individuals category, only 12 per cent shares were bid for. https://www.thehindubusinessline.com/markets/adani-fpo-lacklustre-retail-participation-does-it-matter-to-adani/article66454230.ece Ehh. No. Because he is still under no obligation to withdraw the FPO. He could have even issued it at discount but didn't. The issue is that Hidenburg is short on bonds and bond markets are killing the Adani shares. Adani, however, has no repayment due this year and very little next year. So, for Adani it makes more sense to pull out of the FPO now. Let the markets settle in next 6 months, where they will see the actual results and then go for an offering. It is bold because in the short run his shares will get hammered till short runs out. Its payday for Hidenburg. Better to take the hit now and survive for better tomorrow. Link to comment Share on other sites More sharing options...
SM2907 Posted February 2 Share Posted February 2 1 hour ago, ravishingravi said: Ehh. No. Because he is still under no obligation to withdraw the FPO. He could have even issued it at discount but didn't. The issue is that Hidenburg is short on bonds and bond markets are killing the Adani shares. Adani, however, has no repayment due this year and very little next year. So, for Adani it makes more sense to pull out of the FPO now. Let the markets settle in next 6 months, where they will see the actual results and then go for an offering. It is bold because in the short run his shares will get hammered till short runs out. Its payday for Hidenburg. Better to take the hit now and survive for better tomorrow. Was there stock inflation by shell companies. ? It is a simple question In the long run everything can nullify. In the long run even Adani can file for bankruptcy. Link to comment Share on other sites More sharing options...
rkt.india Posted February 2 Share Posted February 2 6 hours ago, Stan AF said: I can't understand just how after the Nirav Modi/PNB scam just not that long ago LIC/Banks are allowed to loan this much again to shady companies??? loans to Adani are secured, backed up with real assets. Link to comment Share on other sites More sharing options...
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