The losses the group has seen since Hindenburg published its report on Jan. 24 are enormous. In the five trading sessions following this report, the Adani empire lost more than $90 billion in market capitalization, Bloomberg News calculates.
“It’s better to stay out of trouble than get out of trouble later,” Smart Investor’s David Kuo told CNBC. “What Hindenburg is alluding is that there is a problem with the debt. And it may not reflect itself in the share price, but there may be a debt problem.”
“It does have a lot of bonds outside of India – what happens if those bonds were to deteriorate in value? It would have an impact on the company,” Kuo continued.
“Whether you believe the Hindenburg report or not, I think something needs to happen. Something needs to be clarified before investors start jumping in.”
Hindenburg Research on Jan. 24 said it had shorted stocks of the Adani conglomerate through U.S.-traded bonds and non-Indian-traded derivative instruments. This means that the New York-based investment firm, a well-known short-seller, is betting on a short-term drop in the prices of these equities.
ຜູ້ຂາຍສັ້ນອ້າງວ່າກຸ່ມບໍລິສັດດັ່ງກ່າວໄດ້ໃຊ້ບໍລິສັດແກະຢູ່ໃນບ່ອນເກັບພາສີເພື່ອເພີ່ມກໍາລັງຂອງຕົນ ລາຍໄດ້ ແລະ ໝູນໃຊ້ລາຄາຫຸ້ນຂອງຫົວໜ່ວຍຕ່າງໆຂອງຕົນ. ບົດລາຍງານອະທິບາຍອະທິບາຍກາລັກຊີຂອງຫນ່ວຍງານຫອຍທີ່ຕັ້ງຢູ່ໃນ Caribbean, Mauritius ແລະສະຫະລັດອາຫລັບເອມີເຣັດໄດ້ຄວບຄຸມໂດຍຄອບຄົວ Adani.
“We have uncovered evidence of brazen accounting fraud, stock manipulation and money laundering at Adani, taking place over the course of decades,” Hindenburg wrote.
"Adani ໄດ້ຖອນຕົວອອກຈາກຄວາມດີທີ່ໃຫຍ່ຫຼວງນີ້ໂດຍການຊ່ວຍເຫຼືອຂອງຜູ້ສ້າງລັດຖະບານແລະອຸດສາຫະກໍາເຮືອນຂອງບໍລິສັດສາກົນທີ່ອໍານວຍຄວາມສະດວກໃນກິດຈະກໍາເຫຼົ່ານີ້."
Adani Group has rejected the allegations as baseless and has threatened to pursue all possible legal remedies in Indian courts. The conglomerate also went so far as to say that India was the target of Hindenburg.
"ນີ້ບໍ່ແມ່ນພຽງແຕ່ການໂຈມຕີທີ່ບໍ່ແນ່ນອນຕໍ່ບໍລິສັດສະເພາະໃດຫນຶ່ງ, ແຕ່ການໂຈມຕີທີ່ຄິດໄລ່ຕໍ່ອິນເດຍ, ເອກະລາດ, ຄວາມຊື່ສັດແລະຄຸນນະພາບຂອງສະຖາບັນອິນເດຍ, ແລະເລື່ອງການຂະຫຍາຍຕົວແລະຄວາມທະເຍີທະຍານຂອງອິນເດຍ," Adani Group ກ່າວ, ໃນບົດລາຍງານ 413 ຫນ້າ. ໃນວັນທີ 29 ມັງກອນນີ້.
Adani Does a Deal in Israel ກຸ່ມ Adani ແມ່ນຫນຶ່ງໃນບັນດາບໍລິສັດທີ່ມີຄຸນຄ່າທີ່ສຸດໃນອິນເດຍ. ບໍລິສັດຖືບໍ່ແຮ່, ທ່າເຮືອ ແລະໂຮງງານໄຟຟ້າ. ມັນເປັນເຈົ້າຂອງທ່າເຮືອການຄ້າຫຼາຍສິບແຫ່ງແລະມີຢູ່ໃນຖ່ານຫີນ, ໄຟຟ້າແລະພະລັງງານທົດແທນ. ມັນຍັງມີຄວາມຫຼາກຫຼາຍເຂົ້າໄປໃນສະຫນາມບິນ, ສູນຂໍ້ມູນແລະການປ້ອງກັນ.
Adani Group, for example, owns India’s biggest airport operator and the largest port operator in the country.
The conglomerate also recently entered the cement sector by buying assets of cement manufacturer Holcim in India and is also looking to set up an aluminum factory.
On Jan. 31 the founder tweeted a photo of himself shaking hands with Israeli Prime Minister Benjamin Netanyahu. According to Reuters, Adani Group had just finalized the takeover of the Port of Haifa in Israel for $1.15 billion.
“Privileged to meet with @IsraeliPM @netanyahu on this momentous day as the Port of Haifa is handed over to the Adani Group,” the billionaire wrote. “The Abraham Accord will be a game changer for the Mediterranean sea logistics. Adani Gadot set to transform Haifa Port into a landmark for all to admire.”
Gautam Adani has grown his empire by acquiring companies with debt.
ເດືອນສິງຫາທີ່ຜ່ານມາ, ບໍລິສັດຍ່ອຍຂອງ CreditSights ຂອງ Fitch Ratings ໄດ້ເຕືອນວ່າບໍລິສັດ Adani ແມ່ນ "ເກີນຂອບເຂດທີ່ເລິກເຊິ່ງ" ແລະອາດຈະ "ຢູ່ໃນສະຖານະການທີ່ຮ້າຍແຮງທີ່ສຸດ" ກາຍເປັນດັກຫນີ້ສິນ.
ແຕ່ສອງອາທິດຕໍ່ມາບໍລິສັດຈັດອັນດັບສິນເຊື່ອກ່າວວ່າມັນຄົ້ນພົບວ່າມັນໄດ້ສ້າງ "ຄວາມຜິດພາດການຄິດໄລ່" ໃນສອງບໍລິສັດຂອງບໍລິສັດ Adani Group. ມັນໄດ້ແກ້ໄຂບົດລາຍງານຂອງຕົນແລະເອົາຄໍາສັບຕ່າງໆ "ເກີນຂອບເຂດທີ່ເລິກເຊິ່ງ."
"ທັດສະນະຂອງ CreditSights ບໍ່ໄດ້ປ່ຽນແປງຈາກບົດລາຍງານຕົ້ນສະບັບຂອງມັນແລະພວກເຮົາຍັງຄົງຮັກສາວ່າຄວາມເຂັ້ມແຂງຂອງກຸ່ມແມ່ນສູງຂື້ນ," CreditSights ສະຫຼຸບ.