• Home
  • Politics
  • Sports
  • Trending
  • Entertainment
  • Book Reviews
  • Login
  • Register
Clever Read.
Advertisement
ADVERTISEMENT
No Result
View All Result
  • Home
  • Politics
  • Sports
  • Trending
  • Entertainment
  • Book Reviews
No Result
View All Result
Clever Read.
No Result
View All Result
Home Business

12 Companies Benefitted From Short Selling In Adani Group Shares: Report

Clever Read by Clever Read
August 29, 2023
in Business
0
14
SHARES
284
VIEWS

12 Companies Benefitted From Short Selling In Adani Group Shares: Report

A dozen companies, including foreign portfolio investors and foreign institutional investors in tax havens, were the top beneficiaries from short selling in shares of Adani Group companies, The Indian Express has reported citing an Enforcement Directorate probe into the Hindenburg report that led to a market crash in January.

Short-selling refers to the investing technique where securities are borrowed to sell and later bought back when the price dips. In this model, investors bet on and make profits from a fall in share prices.

The Enforcement Directorate had shared its findings with markets regulator Securities and Exchange Board of India (SEBI) in July, according to the Indian Express.

None of the short sellers, which included three from India and four from Mauritius, had disclosed their ownership structures to income tax authorities, the report cited sources as saying.

Some of these companies had allegedly opened positions two to three days before the Hindenburg report was published on January 24, the report said. Some others were dabbling in short trades for the first time.

Foreign investors that registered with SEBI are allowed to trade in derivatives, the financial instruments that allow short-term trades by offsetting market risks.

The report also pointed to irregular earning patterns of some of these short sellers. The SEBI had passed an order against the promoter of one of the Indian firms for misleading investors, it said.

Hindenburg had alleged that industrialist Gautam Adani used shell companies in Mauritius to manipulate stock prices of Adani Group firms. The Adani Group has denied all charges and called its report a “calculated attack” on India, its institutions and growth story.

The Supreme Court had asked SEBI to investigate the case and submit a report.

A panel of experts appointed by the Supreme Court had earlier submitted there was no price manipulation on the part of Adani Group and that the conglomerate had taken necessary steps to comfort retail investors.

Tags: Businessbusiness NewsIndia's business
Previous Post

Did NASA Satellite Capture Chandrayaan-3 Landing? A Fact-Check

Next Post

Top Children’s Book Publisher In India-Books Mantra Publication

Clever Read

Clever Read

Related Posts

Adani Ports Shares Soar on Strong Q4 Results and Growth in Marine & Logistics Segments
Business

Adani Ports Shares Soar on Strong Q4 Results and Growth in Marine & Logistics Segments

by Clever Read
May 5, 2025
Ather Energy IPO Opens for Subscription: Key Details, Price Band, GMP, and Should You Invest?
Business

Ather Energy IPO Opens for Subscription: Key Details, Price Band, GMP, and Should You Invest?

by Clever Read
April 28, 2025
Sell Me This Pain: Story of the Sales Alchemist” by Charudattaa Kalle
Book Reviews

Sell Me This Pain: Story of the Sales Alchemist” by Charudattaa Kalle

by Clever Read
August 28, 2024
Starbucks’ New CEO To Supercommute 1,600 Km To Work On Corporate Jet
Business

Starbucks’ New CEO To Supercommute 1,600 Km To Work On Corporate Jet

by Clever Read
August 21, 2024
Book Reviews

Admits and Offers: Prepare, Decide and Win by Aniruddha M S

by Clever Read
March 30, 2024
Next Post

Top Children's Book Publisher In India-Books Mantra Publication

ADVERTISEMENT

Premium Content

India Pakistan Border Tensions Escalate: Ceasefire Violations Continue for 12th Night, UN Holds Emergency Talks

India Pakistan Border Tensions Escalate: Ceasefire Violations Continue for 12th Night, UN Holds Emergency Talks

May 6, 2025
Lok Sabha okays Rs 1.18 lakh cr Budget for Jammu & Kashmir

Lok Sabha okays Rs 1.18 lakh cr Budget for Jammu & Kashmir

March 22, 2023
Praggnanandhaa after beating in chess Magnus Carlsen: ‘His opening was provocative, I said he wants to fight… I didn’t mind at all’

Praggnanandhaa after beating in chess Magnus Carlsen: ‘His opening was provocative, I said he wants to fight… I didn’t mind at all’

July 1, 2024

Browse by Category

  • Accident
  • army
  • Astrology
  • Authors Interview
  • Book Fair
  • book launch events
  • Book Reviews
  • Business
  • coffee Table
  • Cooking
  • crime
  • defense
  • education
  • election
  • Entertainment
  • Fashion
  • Fiction & Literature
  • Food
  • Health
  • Hybrid publishing
  • indian army
  • Lifestyle
  • No Tobacco
  • Parenting & Children
  • Poetry
  • Politics
  • pr
  • rocket launch
  • Self Help
  • self publishing
  • Social media trends
  • Sports
  • startup
  • Technology & Media
  • Travel
  • Trending
  • Wildlife
  • World

Browse by Tags

#bestbookpublisher #bookdisplay #bookfair #booklaunch #bookreaders #BookRecommendation #BookReview #bookreviews #booksmantra #bookspublisher #cleveratNDWBF2024 #CleverReads #cricketnews #Cricket Team #hybridbookpublisher #NDWBF2024 #publisher #selfbookpublisher authors book bookpublisher book publisher in india book review book reviews books Business children's book author Children book publisher in India self-publish cleverfoxpublishing cleverread Cricket cricket and sports crime education Hybrid Publishing-Clever Fox India Indian cricketer Israel political news politician Politics self book publisher in India sports trending news trending story
Manifestation Diaries: Proven Techniques for Manifesting Your Dreams
Book Reviews

Manifestation Diaries: Proven Techniques for Manifesting Your Dreams

by Clever Read
July 1, 2025
0

Manifestation Diaries: Proven Techniques for Manifesting Your Dreams: In a world increasingly drawn to the law of attraction and self-empowerment,...

Read more
THE ETERNAL SCALE: Ragas never die – A Woman’s impassioned journey.

THE ETERNAL SCALE: Ragas never die – A Woman’s impassioned journey.

June 30, 2025
Let Your Organs Breathe

Let Your Organs Breathe

June 30, 2025
Pakistan Army Chief Asim Munir Issues Fresh Threats to India, Claims Pakistan a “Net Regional Stabiliser”

Pakistan Army Chief Asim Munir Issues Fresh Threats to India, Claims Pakistan a “Net Regional Stabiliser”

June 30, 2025
Repent while it’s dark: only in the dark, do people truly reveal themselves

Repent while it’s dark: only in the dark, do people truly reveal themselves

June 27, 2025
Clever Read

Get the latest information on news, trending topics, books, and social media trending reels.

© 2022 Cleverread - Clever Fox Publishing.

No Result
View All Result
  • Home
  • Books
    • Book Reviews
    • Trending
    • Astrology
    • Business
    • Fiction & Literature
    • Parenting & Children
    • Self Help
    • Cooking
  • Entertainment
  • Social Media Trends
  • PR
  • Interviews
  • News
  • Contact us
  • About us

© 2022 Cleverread - Clever Fox Publishing.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

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?