Adani Enterprises Limited. File
| Photo Credit: Reuters
Adani Group company shares rose sharply on Thursday (January 16, 2025) morning at stock exchanges hours after Hindenburg Research founder Nate Anderson announced his decision to disband the entity.
On Wednesday (January 15, 2025) Mr. Anderson said that it has completed the projects it was handling.he plan has been to wind up after we finished the pipeline of ideas we were working on,โ Anderson said Wednesday.
โAnd as of the last Ponzi cases we just completed and are sharing with regulators, that day is today,โ he added.
At the time of filing this report Adani Enterprises Limited, the groupโs holding company was up 4.16 and trading at โน2485, Adani Ports was up 3.61% at โน1,172, Adani Power was up 4.79% at โน576, Adani Energy Solutions was up 2.5% at โน799, Adani Green Energy was up 4.91% at โน1086 and Adani Total Gas was up 3.8% at 687. Other group entities were also trading in the positive territory.
The American short-seller had in 2022 accused the Adani group of violation of corporate governance norms and manipulation of its share prices which the Group had rejected and termed it incorrect and motivated.
Published – January 16, 2025 09:50 am IST
