The debacle, which led Adani to cancel a share offering meant to raise $2.5 billion, has drawn calls for regulators to investigate after a U.S. short-selling firm, Hindenburg Research, issued a report claiming the group engages in market manipulation and other fraudulent practices. Adani denies the allegations.
“As a result, the investors' confidence which existed before shall continue even now,” she said, adding that the controversy wasn't “indicative of how well Indian financial markets are governed.” So far there has been no indication that the company's woes might threaten the wider financial sector in India. Its equities market is large enough to sustain the fallout at this moment, said Brian Freitas, a New Zealand-based analyst with Periscope Analytics who has researched the Adani Group.
That might dent the Adani Group's sustainability credentials and could affect investor sentiment, Freitas said.
I can't understand CP24's obsession with India.
Heh it was a bubble
Rags to riches to rags
He will bounce back. Time to buy.
I don’t think an enema will get the money back
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CryptoAmb - 🏆 22. / 68 Read more »