Adani group, an Evil corp?

www.hindustantimes.com

Why Hindenburg Research decided to short only Adani stocks listed outside India

A trader who sold $1 million Adani Enterprises shares at the open on Feb. 1 and bought them back at the end of the day after the record plunge would have made about $280,000, excluding fees and transaction costs, according to Bloomberg.
www.hindustantimes.com www.hindustantimes.com

The good news is short selling is difficult to do in India. The bad news is because it is the drop becomes more than it should be

It's still not clear who made out in this stunt and how much. More will come out with time and validate earlier suspicions. They could be whistleblowers to tap on the other side
 
blr_p said:
The good news is short selling is difficult to do in India. The bad news is because it is the drop becomes more than it should be
Click to expand...
1) In liquid stocks, we have stock futures. Very easy to short and you get paid to do it too via premium. Some adani stocks have futures. Institutional stuff i don't know.
2) In liquid markets, shorting is a good thing for price discovery.
3) Markets can sometimes overextend on both sides, and esp on downsides, but overall they are quite efficient in processing information due to competition ( liquid markets). if that was not the case, trading/investing would be easy. On balance, stock price is where it should be based on available info and future uncertainty. Price can be distorted if float is low which is what allegedly caused the crazy rally in Adani stocks.
4) Shorting is not easy.
5) Rest we can speculate.
 
blr_p said:
www.hindustantimes.com

Why Hindenburg Research decided to short only Adani stocks listed outside India

A trader who sold $1 million Adani Enterprises shares at the open on Feb. 1 and bought them back at the end of the day after the record plunge would have made about $280,000, excluding fees and transaction costs, according to Bloomberg.
www.hindustantimes.com www.hindustantimes.com

The good news is short selling is difficult to do in India. The bad news is because it is the drop becomes more than it should be

It's still not clear who made out in this stunt and how much. More will come out with time and validate earlier suspicions. They could be whistleblowers to tap on the other side
Click to expand...

Rather than asking corporate accountability and transparency, you're pointing fingers at those who did rigorous due diligence and put their money where their mouth is. And surely got rich.
Short selling is LEGAL. I've shorted options many times. Heck, every Tom Dick and Harry would have shorted Adani after the report.
Somebody did the hard work of reading through their bullshit and released that info to the world, and transparently shorted them, mentioning it on the report as well.
I would call Hindenburg more accountable, transparent and respectable than Adani.
 
Here's a port agreement that has been hanging fire since 2008. When you look at the map it's obvious what it's good for. The Port's complete, just a short road needs to be built. The govt does the infrastructure and then finds a private operator to run it. They got one.

US sanctions not to impact the contract because it continues to be a government-to-government project

Kazani said that the sanctions imposed by the United States on some Burmese military leaders and military holding companies responsible for the coup that overthrew Myanmar’s democratically elected government on February 1 and the human rights abuses that followed will not impact its contract in that country because it is funded by the Indian government and continues to be a government-to-government project.
Click to expand...

I'm amazed how they got around sanctions for this one. Why is Bharat freight not subject to sanctions? because of the reason above.

Why couldn't Adani work out a similar deal?

businessindia.co

India’s Myanmar dilemma

Sittwe port inaugural in doldrums
businessindia.co businessindia.co

Why dilemma? No sanctions right?

Coup in 2021. And so 15 years later. We're still waiting :bored:
 

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from my post on 24-Feb-23 and 3-Mar-23 on this same thread:

Adani group, an Evil corp?

In any case, if you are indeed right, we should see a massive lawsuit coming up soon. Given the factual nature of the allegations, it should be relatively straightforward for them (Adani) to counter and thus utterly destroy the alleging party . Or they get a new sponsor and we deploy them...
techenclave.com techenclave.com

Adani group, an Evil corp?

Adani is not India. If he goes down nothing happens to us. This too the adversaries have miscalculated Homestly, this is the most sensible thing you have said on this thread. India Inc has many extremely well managed firms - all the way from small caps to large caps. That's the reason why...
techenclave.com techenclave.com

"Stock market is for investing, not a ponsi scheme even if Bernie Madoff ran one sitting as Chairman of NASDAQ stock exchange. Ton of prospective retiree's pensions, normal people's investments are tied to stock market. So, let there at least be an impetus to be on ethical side please."

So, looks like, it is working as expected:


...The fall was mainly on the back of reports that the subscribers to government-run pension funds are also facing losses due to the fund managers’ exposure to two Adani stocks — Adani Enterprises and Adani Ports & SEZ.

Employees’ Provident Fund Organisation (EPFO), the body that oversees pension fund management on behalf of the government, is the third public entity to be pulled into controversy for its exposure to the Adani Group. Life insurance major LIC and banking giant SBI are the other two...

Also, ambiguity about repayment of loans:

economictimes.indiatimes.com

Adani stocks lose up to 8%; all 10 counters in red. Here's why

Following the release of a damaging report by Hindenburg Research in late January, Adani stocks went into a tailspin and ended up losing around $100 billion in market capitalisation in the next few weeks. However, after the embattled billionaire conducted roadshows to convince investors, prepaid...
economictimes.indiatimes.com economictimes.indiatimes.com

..."The pledged shares of Adani Green and Adani Transmission have not been released by banks even a month after the loan repayment. This is highly unusual as pledged shares are usually released immediately after the borrower settles their debts"...

Edit after seeing latest update:
Adani CFO slams 'misleading' reports on debt repayment
https://economictimes.indiatimes.co...romoter-pledge-share/articleshow/99067680.cms
 
Last edited:
TEUser2K1 said:
from my post on 24-Feb-23 and 3-Mar-23 on this same thread:

Adani group, an Evil corp?

In any case, if you are indeed right, we should see a massive lawsuit coming up soon. Given the factual nature of the allegations, it should be relatively straightforward for them (Adani) to counter and thus utterly destroy the alleging party . Or they get a new sponsor and we deploy them...
techenclave.com techenclave.com

Adani group, an Evil corp?

Adani is not India. If he goes down nothing happens to us. This too the adversaries have miscalculated Homestly, this is the most sensible thing you have said on this thread. India Inc has many extremely well managed firms - all the way from small caps to large caps. That's the reason why...
techenclave.com techenclave.com

"Stock market is for investing, not a ponsi scheme even if Bernie Madoff ran one sitting as Chairman of NASDAQ stock exchange. Ton of prospective retiree's pensions, normal people's investments are tied to stock market. So, let there at least be an impetus to be on ethical side please."

So, looks like, it is working as expected:


...The fall was mainly on the back of reports that the subscribers to government-run pension funds are also facing losses due to the fund managers’ exposure to two Adani stocks — Adani Enterprises and Adani Ports & SEZ.

Employees’ Provident Fund Organisation (EPFO), the body that oversees pension fund management on behalf of the government, is the third public entity to be pulled into controversy for its exposure to the Adani Group. Life insurance major LIC and banking giant SBI are the other two...

Also, ambiguity about repayment of loans:

economictimes.indiatimes.com

Adani stocks lose up to 8%; all 10 counters in red. Here's why

Following the release of a damaging report by Hindenburg Research in late January, Adani stocks went into a tailspin and ended up losing around $100 billion in market capitalisation in the next few weeks. However, after the embattled billionaire conducted roadshows to convince investors, prepaid...
economictimes.indiatimes.com economictimes.indiatimes.com

..."The pledged shares of Adani Green and Adani Transmission have not been released by banks even a month after the loan repayment. This is highly unusual as pledged shares are usually released immediately after the borrower settles their debts"...
Click to expand...

Imagine if Byjus was listed !
 
R-ADAG shares are of very low value, hence the consequences are priced in ?

Update:

Adani CFO slams 'misleading' reports on debt repayment

economictimes.indiatimes.com

Adani CFO slams 'misleading' reports on debt repayment

The 10 listed Adani group companies had lost about $135 billion in market value after the report. The stocks recovered some lost ground after the conglomerate inked a deal with US-based GQG partners, which invested $1.87 billion in four group companies.
economictimes.indiatimes.com economictimes.indiatimes.com
 
TEUser2K1 said:
R-ADAG shares are of very low value, hence the consequences are priced in ?

Update:

Adani CFO slams 'misleading' reports on debt repayment

economictimes.indiatimes.com

Adani CFO slams 'misleading' reports on debt repayment

The 10 listed Adani group companies had lost about $135 billion in market value after the report. The stocks recovered some lost ground after the conglomerate inked a deal with US-based GQG partners, which invested $1.87 billion in four group companies.
economictimes.indiatimes.com economictimes.indiatimes.com
Click to expand...

NSE has also sought clarification

www.livemint.com

NSE seeks clarification from Adani Enterprises on status of pledge shares

This is with reference to a report, which raised questions about whether the empire has actually repaid debts worth $2.15 billion
www.livemint.com www.livemint.com

Smokes and mirrors.
 
alekhkhanna said:
NSE has also sought clarification

www.livemint.com

NSE seeks clarification from Adani Enterprises on status of pledge shares

This is with reference to a report, which raised questions about whether the empire has actually repaid debts worth $2.15 billion
www.livemint.com www.livemint.com

Smokes and mirrors.
Click to expand...
The Ken report was based on gaps in adani declarations to stock exchange as per indian law on pledge shares. Basically the data that nse already had. And nse waited till the report to seek clarification.
 
Funny how these reports have to appear in foreign media as if such expertise isn't available in India. The impression created is India and its institutions are incapable of doing their own housekeeping.

When the Chinese can plant favourable articles in the FT whenever they want I don't see such a report as worth anything and deserves to be called out. Once things stabilise I expect Adani to hit back with defamation suits against these outfits.


How sad there was nobody to call out Silicon Valley Bank & Credit Suisse. Could have saved people's money there.


More cherry-picking to cast aspersions. I'm confident Adani will still get through this nonsense and emerge stronger than ever.

Why is the opposition getting involved here? Pawar has already called out the lack of wisdom for Congrerss to do this against Adani.

Because the opposition treats Adani & Ambani (farmer protests) as a proxy for the govt
 
Last edited:
Kaleen Bhaiya said:
www.google.com

Financial Times refuses to take down report on Adani Group’s offshore funding

On Monday, the Adani group wrote a strongly worded letter to the editor of the publication asking it to take down the story as it created a “misleading narrative, misunderstanding in the markets, created a reputational impact on the Adani Group companies".
www.google.com www.google.com
They are trying really hard to cover up their fake FDI inflows.
Click to expand...
thewire.in

SEBI Has No Information on Who Subscribed to Adani Group’s Rs 20,000-Crore Share Sale: Report

The capital markets regulator said this in response to an application filed under the RTI Act, which sought subscription details and the reason for the cancellation of the follow-on pubic offer.
thewire.in thewire.in
 
The linked article

www.business-standard.com

Adani's Rs 20,000-cr FPO subscriber info not available: Sebi to RTI query

"The respondent, in response to the aforesaid queries, informed that the information sought is not available with Sebi," noted the Appellate Authority under the RTI Act
www.business-standard.com www.business-standard.com

The reasons for denying the two RTI applications were

Dismissing the appeal, the appellate authority noted, “…where the information sought is not a part of the record of a public authority, and where such information is not required to be maintained under any law or the rules or regulations of the public authority, the Act does not cast an obligation upon the public authority, to collect or collate such non-available information and then furnish it to an applicant.”
Click to expand...

In other words, the info required is not kept as it isn't necessary. The FPO was withdrawn so why ask who subscribed? Nobody lost anything.

The other RTI application by the same individual was on investigation by Sebi on the revelations made by Hindenburg Research report. Its information sought included whether the regulator had received any complaint regarding stock price manipulation, round-tripping, accounting fraud and money laundering against the Adani group.

This too was denied on the basis that they were in the nature of seeking clarification or opinion and cannot be construed as “information”
Click to expand...
This second one is more intriguing. They don't provide info that can be used to cast aspersions for no good reason.

This is how thin this Hindenberg hit job really is.
 
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