New Delhi: America’s short selling company Hindenburg has created such difficulties for the Adani Group, which is not taking the name of stopping. Half of Adani’s property was blown away in the Hindenburg storm, but the series of difficulties is not taking the name of stopping. Investigating agencies have increased surveillance on the Adani group. Rating agencies have downgraded the company’s rating to negative. Index provider MSCI cut the free float status of Adani shares. Now SEBI has also started its investigation.
The Indian Express has written the news quoting Reuters, in which he has said that the market regulator SEBI will investigate Adani’s relationship with some of his investors. Sebi has now started probing Adani Enterprises’ relationship with two anchor investors linked to the FPO. The company’s relationship with its two angel investors Great International Tusker Fund and Ayushmat Limited will be probed by SEBI Adani FPO, which was later withdrawn by the company. SEBI has started the investigation of any violation of rules in the purchase of shares.
Both these anchor investors who invested in Adani’s FPO are based in Mauritius. Let us tell you that the Adani group had issued an FPO of 20 thousand crores. It was withdrawn despite full subscription. Now SEBI will examine the process of FPO. It will be probed whether he has any relationship with angel investors or any kind of conflict of interest. Not only this, SEBI is also keeping an eye on Elara Capital and Monarch Networth Capital among the ten investment banks managing the FPO. Let us tell you that Hindenburg also mentioned these two in his research report. Hindenburg has alleged that both of them have a stake in a private entity owned by Adani. Now SEBI is also probing whether there is any collusion or conflict of interest between Elara and Monarch in the FPO.
