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SEBI to submit report to Finance Ministry on 15th in Adani case, group halves revenue growth target

Pankaj Prasad
SEBI to submit report to Finance Ministry on Adani Group
SEBI to submit report to Finance Ministry on Adani Group

Finance Minister Nirmala Sitharaman had already replied in this matter that the Securities and Exchange Board of India (SEBI) is an independent regulator and will look into the matter.

The matter of Hindenburg report on Adani group has now reached SEBI. SEBI will submit the report in this matter to the Finance Ministry on 15 February. The regulator is examining the follow-on public offer (FPO) of Adani Enterprises. Along with this, any possible irregularities are also being investigated.

Will see However, SEBI is already probing the Rs 20,000 crore FPO of Adani Enterprises. The issue was withdrawn by the company even after being fully subscribed.

3 billion dollars. Out of this, one billion dollars has been given to the cement business. He is not worried about this debt as the group is a cash generator. 

The group halved its revenue growth target

Its business plans were fully funded. Cashflow was strong. We remain confident in the continued ability of our portfolio to deliver superior returns to shareholders. Despite this, the shares of group companies fell by up to seven per cent on Monday. Many shares closed on the lower circuit. The group has halved its revenue growth target.

Market capitalization decreased by $ 125 billion

21 lakh crore decreased. It reached Rs 8.99 lakh crore, down from Rs 9 lakh crore on Monday, which was Rs 19.20 lakh crore on January 24.

Gautam Adani slipped to 23rd position

Gautam Adani slipped to 23rd position in the rich list on Monday. His wealth stood at $54.4 billion, which was $120 billion before the Hindenburg report.