Adani shares slide after report alleges 'opaque' offshore investment funds
Publishing timestamp: 2023-08-31 12:31:05
Summary
The OCCRP has alleged that hundreds of millions of dollars were secretly invested into publicly traded stocks of Adani Group through "opaque" funds based in Mauritius. Adani Enterprises and its subsidiaries saw a decline in their shares following the publication of these allegations. Adani Group has categorically rejected the claims. This comes after a previous accusation of stock price manipulation and accounting fraud against billionaire Gautam Adani.
Sentiment: MIXED
Tickers: ADANIENT-IN, ADANIPORTS-IN, ADANIGREEN-IN,
Keywords: asia economy, adani green energy ltd, world markets, breaking news: economy, world economy, adani port and special economic zone ltd, economy, business news,