Skip to content

Sharemint

Menu
  • Home
  • Stock Market
    • Stock Market Basics
    • Initial Public Offering
    • Fundamental Analysis
    • Brokers
  • Stock Market Calculators
    • EMI Calculator
    • SIP Calculator
    • Stock Average Calculator
    • PPF Calculator
    • Compound Interest Calculator
    • Zerodha Brokerage Calculator
    • PPP Calculator
    • FD Calculator
  • IPO
    • Upcoming IPOs
    • Listed IPOs
  • Finance
  • Business
  • Stock Market Live
  • Earnings
Menu

adani and harshhad mehta

Will Adani Become Next Harshad Mehta ?

Posted on February 2, 2023

Adani Harshad Mehta, Adani Group is india’s merge business magnet. Adani group was started at Ahemdabad in 1988. The Group has diverse businesses include port management, electric power generation and transmission, renewable energy, mining, airport operations, natural gas, food processing and infrastructure.

Will Adani Be Harshad Mehta in Future ?

This question have indirect answer because chances are 50-50% to happen. Yes or No at same time, we will do realistic analysis of The Adani Group.

Harshad Mehta was famous for its banking scam. He was not single person involved in complete scam but he was in limelight and was caught by research entities.

Adani group is fastest growing group in india’s history. It took only 3 years to Adani become world’s top 3rd richest person. Adani group is facing problems after a negative news by hindenburg report. Hindenburg report said Adani is doing scam and it is india’s biggest scam.

The Adani Group has previously been the focus of 4 major government fraud investigations which have alleged money laundering, theft of taxpayer funds and corruption, totaling an estimated U.S. $17 billion.

Adani family members allegedly cooperated to create offshore shell entities in tax-haven jurisdictions like Mauritius, the UAE, and Caribbean Islands, generating forged import/export documentation in an apparent effort to generate fake or illegitimate turnover and to siphon money from the listed companies.

1. If adani group really doing scam then adani group stocks fall and adani face actions by government and many cases file against adani group this is same case as late harshad mehta.

In harshad Mehta case harshad was taking bank fund without giving BR to bank and used this money for stock pumping. In adani’s case they use their own fund to pump its own stocks.

2. If Adani group was not in scam then this news is impact stock prices for value correction. In future adani group again take stand. Some adani companies trading at much higher P/E ratio multiple and that is not sustainable that’s why they are showing some short of correction

See also  This Businessman Saved Adani Group From Crash

Adani group has focused on future and trying to help india to be in top position. Adani port is india’s largest port.

Credit Suisse on Adani Group

Adani Group shares were in freefall on Wednesday, when Union Budget 2023 was released, after global brokerage firm Credit Suisse assigned zero lending value to its bond. The global firm’s scrutiny of Adani Group bonds comes a day after Adani Enterprises’ follow-on public offer sailed through successfully due to the support from non-institutional investors. 

Credit Suisse Group stopped accepting bonds of Adani group of companies as collateral for margin loans to its private banking clients, a sign that scrutiny of the Indian tycoon’s finances is growing after allegations of fraud by short seller Hindenburg Research, news agency Bloomberg reported.

adani harshad mehta
adani harshad mehta

Will Adani Group Bubble Burst Amid Hindeburg Report ?

Adani Group : Citi Group News

After Credit Suisse, Citigroup stop accepting bonds. A spokesman for Citigroup declined to comment. “Bonds of the Indian billionaire’s flagship firm plunged to distressed levels in US trading, and the company abruptly pulled a record domestic stock offering after shares in the Adani group suffered a $92 billion crash. “

“When a private bank cuts lending value to zero, clients typically have to top up with cash or another form of collateral and if they fail to do so, their securities can be liquidated. “

FPO was Cancelled on Thursday

In this current scenario adani group was impacted by negative news they cancelled their fully subscribed FPO today. Gautam adani share video on twitter about cancelling FPO. Adani Group cancelled its FPO on 2 February for investors benefits.


Recent Articles

  • Top 5 Large Cap Stocks To Buy For Multibagger Returns
  • Why Groww App is Best For Research Than Other Brokers ?
  • ICICI Bank Q4 Results Date 2023, Will Share Bounce Back ?
  • STT Hike on Future and Option Trading by 25% from this Date
  • Best Swing Trading Strategy that Works for Everyone
  • Mphasis Q4 Results Date 2023, Will Share Outperform in Q4 ?
  • Ksolves India Q4 Results Date 2023, Ksolves Interim Dividend
  • ABB India Q4 Results Date and Time 2023, Brokerage Analysis

Stock Market Calculators

  • FD Calculator
  • Stock Average Calculator
  • EMI Calculator
  • PPF Calculator
  • Compound Interest Calculator
  • PPP Calculator
  • Zerodha Brokerage Calculator
  • SIP Calculator

Latest Articles

  • Top 5 Large Cap Stocks To Buy For Multibagger Returns
  • Why Groww App is Best For Research Than Other Brokers ?
  • ICICI Bank Q4 Results Date 2023, Will Share Bounce Back ?
  • STT Hike on Future and Option Trading by 25% from this Date
  • Best Swing Trading Strategy that Works for Everyone

sharemint

we provide detail knowledge about stock market, finance, business, investment, fundamental analysis, etc

Stock Market Calculators

  • FD Calculator
  • Stock Average Calculator
  • EMI Calculator
  • PPF Calculator
  • Compound Interest Calculator
  • PPP Calculator
  • Zerodha Brokerage Calculator
  • SIP Calculator

Useful links

  • Privacy Policy
  • Terms and Conditions
  • About Us
  • Advertise With Us
  • Contact Us
©2023 Sharemint