Dhirubhai Ambani faced gautam adani situation, Dhirubhai had crushed the hood of Black Cobra, if Hindenburg doesn’t have guts then why Adani group is breathless? – why gautam adani scared of hindenburg research know how dhirubhai ambani smashed black cobra manuk

IPO of Reliance

Reliance decided to bring IPO in 1977. By then Dhirubhai had become a big player of the country in the private sector. After the listing of Reliance in October 1977, within a year, the price of one of its shares went from Rs 10 to Rs 50. In 1980 it went to Rs.104. Two years later it was hovering at Rs 186. Just then the beer cartel becomes active against Dhirubhai. Seeing the opportunity, Black Cobra decided to bring down Dhirubhai Ambani. At the same time in 1982, Reliance decided to bring debentures. The target of the Bear Cartel was to make it fail. Like Hindenburg tried to do with Adani. Suddenly Manu Manek started selling Reliance shares. Means started short selling. Think of it like this. You sold the shares at 180. When panic spread and everyone started selling in the market, the price came down to 120. Now cover the short position. Means buy as many shares as were sold. Fair deal and a dazzling profit of 60 taka.

cobra gait

Reliance’s short selling started in Kolkata. In March 1982, three and a half lakh shares were sold in one day. Within no time, the price of Reliance fell by eight percent. But after that the game was over. Suddenly NRIs started buying the shares sold by Bear Cartel. These buyers were investors from all Gulf countries. Manu Manek’s condition was bad. He sold the shares but after 14 days on the day of settlement you will also have to buy because you had sold the shares without buying them. So Manu Manek had two options. Either buy the shares sold at the lower price at the higher price. If this happens then there will be a huge loss. So Black Cobra tried to pull the shares till the next settlement by giving margin. But he could not succeed. As soon as the news spreads, Reliance gains more momentum and the price goes up to Rs.201. A crisis arises in the stock exchange. Somehow the bear cartel started delivering the shares to NRIs by purchasing them.

Ambani turns out to be Chanakya

Only then such a truth comes to the fore which makes Manek and company vote. Dhirubhai Ambani was the one who gave the shares that these people bought for settlement. Ambani turned out to be the Chanakya of this game. They had already understood that the cartel is working behind the price drop. And they made a plan of counter attack. Dhirubhai sought help from his foreign partners. As soon as the short selling started, they started buying. In just 150 rupees. And when the delivery settlement date came, it was Dhirubhai who got hold of those shares at a higher price to Black Cobra. Means the one who removed the poison of black cobra was shaken by the bath. Dhirubhai became the don of the market. It is said that Dhirubhai had also taken other measures to avoid any situation. He raised about 100 crore rupees from abroad at 4% interest. This was the way to protect the interests of its shareholders in any fall. At that time the interest of banks in our country was 12%.

Gautam Adani even withdrew his follow on offer of Rs 20,000 crore out of fear of the outcry in the stock market. If Dhirubhai also wanted, he could have pushed the debentures further. But he decided to fight in the field because his foundation was strong. The support of the shareholders was there. This does not seem to be happening with Adani.