Guardian claims that new documents by the Organised Crime and Corruption Reporting Project have found evidence against India's Adani Group. The documents allegedly reveal that the Indian conglomerate used offshore shell companies to manipulate stocks. Molly Gambhir tells you more.

Gravitas: Adani Group gripped in another controversy

A bloomberg report claims adani enterprises is exploring selling its stake in its mumbai-listed consumer-staple joint venture with wilmar international, that could potentially free up capital for their core business, according to people familiar with the matter.

Adani mulls selling stake in wilmar joint venture: Reports

Ever since Hindenburg's bombshell report rocked the markets, Adani's stocks have been on a rollercoaster ride, desperately trying to recover from the devastating blow. Four months ago, Hindenburg research released a report, accusing the conglomerate of orchestrating the "largest con in corporate history." Since then, Adani's stocks have struggled to regain their former glory, with over $100 billion wiped off their market value.

Adani group struggles to shake off Hindenburg's impact

Months after US short seller Hindenburg accused the Gautam Adani-led Adani group of malpractices, the company seeks to raise 3 billion dollars through an equity share sale to institutional investors.

Adani group to raise $3 billion through share sales

Due to governance weaknesses at the parent conglomerate and other Adani group companies, two Adani Group subsidiaries are susceptible to "heightened contagion risks," which might undermine their financial flexibility, according to rating agency Fitch. In a report published late on Tuesday, Fitch stated that Adani Transmission Ltd., Adani Ports, and the Special Economic Zone are vulnerable to risks.

Adani's cash generating companies under scrutiny, says Fitch

Weeks after targeting Adani Group, Hindenburg has said that it will be releasing a new report soon and promised it to be a 'big one'. "New report soon—another big one," Hindenburg Research wrote on Twitter. However, it did not provide any further details on it. Earlier in January this year, the New York-based firm, run by Nate Anderson, had come up with a report on billionaire Gautam Adani's group. Following this, the market value of Adani Group and companies saw a decline of more than 150 billion in about five weeks.

After Adani BOMBSHELL, Hindenburg Research TEASES another BIG REPORT

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