hindenburg on adani, adani changed its course, there was uproar here and there another new company was set up
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About Adani’s new company
The name of Adani’s new company is Pelma Collieries Hash. This company is owned by Adani Enterprises. This company was formed on 7 April 2023. It has been set up with an initial authorized share capital of Rs 10 lakh along with a paid up share capital of Rs 5 lakh. This company will work under coal handling system. The work of the company will be related to coal washery. It will be responsible for the development, completion and operation of the coal washery. Let us tell you that coal washing is the process of cleaning the dirt of coal.
Adani changed strategy
All the allegations were leveled against the Adani group. The company also gave its clarification. After Hindenburg’s attack on Adani, the company changed its strategy. Started focusing on paying off the debt. To win the trust of investors, it was decided to strengthen the already running companies. Adani group also changed the business strategy and instead of starting a new business, talked about handling the already running business. Roadshows were done abroad, rapid steps were taken to win the trust of investors. Its effect was also visible. Adani’s shares started rallying.
LIC’s trust on Adani remains intact even after Hindenburg’s uproar, took a big decision
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