– ED identifies 12 firms that benefitted from Adani short selling – 3 of the 12 companies are India-based, revealed the agency's investigation
– Regulator waiting for info on foreign investors in conglomerate from 5 tax havens. – Chief Justice of India-led bench addressing Article 370 challenges.
-- Adani Enterprises stock rose by 2% and 9 out of 10 Adani stocks were trading positively. -- Adani Power, Ambuja Cements, and Adani Ports shares were up by over 1%. --The rise in stock prices comes ahead of a Supreme Court hearing on the Hindenburg issue.
-- SEBI has informed the Supreme Court that it has completed 22 out of 24 investigations in the Adani-Hindenburg matter. -- SEBI is waiting for external agencies to complete the remaining two. -- Appropriate action will be taken based on the outcome of the investigations.
-- NSDL freezing accounts of three foreign funds holding $6 billion worth of Adani stock. -- CreditSights raising concerns about the conglomerate's business and competition with Reliance Industries.
(These factors caused a loss of investor confidence and a decline in Adani Group's share prices.)