sanghi industries

Adani stocks: Fresh Hindenburg allegations trip Adani stocks, some fall up to 7%

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Adani stocks: Fresh Hindenburg allegations trip Adani stocks, some fall up to 7%

Mumbai: Shares of Adani Group companies fell by up to 7% Monday as the sentiment soured following fresh allegations by the US-based short-seller Hindenburg that Sebi chief Madhabi Puri Buch and her husband, Dhaval Buch, held stakes in Bermuda and Mauritius-based offshore funds used by Gautam Adani’s brother, Vinod Adani, to “amass and trade large … Read more

UltraTech’s India Cements stake buy a win-win for both. Here’s what analyst said on industry consolidation

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UltraTech’s India Cements stake buy a win-win for both. Here’s what analyst said on industry consolidation

UltraTech Cement’s Rs 1,885 crore stake purchase in India Cements is expected to be mutually beneficial for both companies and would consolidate its position in South India at a time when the Adani Group’s acquisitive spree is intensifying competition between the two players. This deal can be mutually beneficial for UltraTech Cement and India Cements … Read more