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