• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, July 13, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Markets

Vinod Adani accused of pledging Adani Group stakes for $240 million loan in latest Hindenburg Research report

by Indrajeet Giram
February 19, 2023 - Updated On February 20, 2023
in Markets
Reading Time: 2 mins read
0
Vinod Adani accused of pledging Adani Group stakes for $240 million loan in latest Hindenburg Research report

Vinod Adani accused of pledging Adani Group stakes for $240 million loan in latest Hindenburg Research report

TwitterWhatsappLinkedin

The Adani Group has been at the centre of a controversy surrounding the Hindenburg report, with US-based short seller Hindenburg Research alleging that the company has inflated its financial statements and engaged in other fraudulent practices.

You might also like

Google’s $2.4 Billion Windsurf Deal Heats Up AI Talent Wars

Weekly Business News: Everything from Fipola’s shutdown to the Kuku FM battle

Weekly Startup Funding News: Indian startups raised $133 Mn this week; from Chai Bisket to AMAMA

Now, Hindenburg Research has directly aimed at the Adani family, claiming that Vinod Adani, the elder brother of Gautam Adani, pledged the Adani group’s promoter stakes in exchange for a loan of $240 million from a Russian bank.

This accusation by Hindenburg Research is significant, as it raises questions about the financial practices of the Adani family and their relationships with international banks. The Forbes report, which had previously highlighted Vinod Adani’s ties to offshore companies with links to the Adani Group, further adds to these concerns.

Forbes is out with a major article evidencing hidden Adani promoter pledges:

A private Vinod Adani-controlled Singaporean entity pledged Adani promoter stakes for ~$240m in loans from a Russian bank.

Zero disclosure of these pledges to Indian exchanges.https://t.co/7iYyKmMNc8

— Hindenburg Research (@HindenburgRes) February 17, 2023

Moreover, the lack of disclosure of these pledges by Vinod Adani to Indian exchanges is also alarming, as it raises questions about the transparency and accountability of the Adani Group, a major conglomerate in India. The allegations made by Hindenburg Research and the Forbes report, if proven true, could have serious implications for the Adani Group’s reputation and financial stability.

Who is Vinod Adani?

Vinod Adani is the older brother of Gautam Adani, the founder and chairman of the Adani Group, a major Indian multinational conglomerate with interests in a wide range of sectors, including ports, logistics, energy, and agriculture.

Vinod Adani accused of pledging Adani Group stakes for $240 million loan in latest Hindenburg Research report
source: mint.com

Vinod Adani is a senior executive in the Adani Group and is involved in the company’s operations and decision-making processes. He has been the subject of recent allegations by US-based short seller Hindenburg Research and a Forbes report, which have raised questions about his business dealings and financial practices.

What is the future of Adani enterprises?

The recent controversy surrounding the company and the allegations by Hindenburg Research and Forbes could potentially impact the company’s reputation and financial stability. The Adani Group has denied the allegations and has stated that it operates with the highest levels of transparency and corporate governance.

Ultimately, the future of Adani Enterprises will depend on various factors, including its ability to manage the current controversy and navigate any legal or regulatory challenges that may arise. The company’s success will also depend on its ability to continue identifying and capitalising on new business opportunities while maintaining its existing operations and relationships with key stakeholders.

Overall, this situation underscores the importance of transparency and accountability in corporate governance and highlights the need for greater scrutiny and regulation of multinational companies operating in India and elsewhere.

Tags: #adani_enterprises#sharemarketBSEGautam AdaniHindenburg ResearchNSESCAMvinod adani
Tweet54SendShare15
Previous Post

Peyush Bansal of Shark Tank displays Jugadu Kamlesh’s finished product, and online users call it “wonderful”

Next Post

How to clear cache on android phone

Indrajeet Giram

📚 Avid reader 🔋constant learner curious analyzer @ everything 📝Business & Economic Journalist ✍️

Recommended For You

Google’s $2.4 Billion Windsurf Deal Heats Up AI Talent Wars

by Ishaan Negi
July 12, 2025
0
Google’s $2.4 Billion Windsurf Deal Heats Up AI Talent Wars

In a power move that signals escalating competition in the artificial intelligence sector, Google has secured a high-profile deal with coding AI startup Windsurf, paying a staggering $2.4...

Read more

Weekly Business News: Everything from Fipola’s shutdown to the Kuku FM battle

by Ishaan Negi
July 12, 2025
0
Weekly Business News: Top business updates in this week

Fipola’s Sudden Shutdown Leaves Employees Stranded Once regarded as a rising star in the D2C meat market, Chennai-based meat delivery firm Fipola Retail India Pvt. Ltd. abruptly shut...

Read more

Weekly Startup Funding News: Indian startups raised $133 Mn this week; from Chai Bisket to AMAMA

by Ishaan Negi
July 12, 2025
0
Weekly Startup Funding News: Indian startups raised $447 Mn this week; from Techjockey to Physics Wallah

After a couple of high-octane weeks for India’s startup funding scene, the pulse slowed considerably between July 7 and 12. The ecosystem saw a sharp 58% dip in...

Read more
Next Post
How to clear cache on android phone

How to clear cache on android phone

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?