The group has been on the backfoot ever since the adani Enterprises Limited Follow-On Offer began on january 27, following the Hindenburg report that questioned it and its finances. The report's aftershocks shook the group and had an effect on the markets as well. The group started its patient and persistent comeback and took several actions to regain its reputation and credibility among diverse stakeholders. Volumes on the stock exchanges, which had experienced wild price swings and volatility during the adani pack, sharply decreased last week. The exchanges implemented greater margins on the equities in an effort to reduce volatility. Additionally, it appears that the price volatility is decreasing and that things are returning to normal.

The intraweek high and lows for the period from february 3 to february 10 are shown in the table that displays price movements over the course of the week. It can be seen that three of the pack's shares increased, two reported small losses, and the other four suffered double-digit losses.

Let's review some of the group's significant weekly happenings.

* MSCI examined the stocks in its indexes as part of its quarterly review and chose to maintain the adani pack in its current form.

* To take on Hindenburg in the US, the adani group has hired the US law firm Wachtel as its advisor and legal counsel.

* SEBI has talked about the markets and the adani Group issue and is at ease with the markets.

* RBI has examined the exposure to the adani group and is of the opinion that no company is overleveraged.

* The government raised the issue in Parliament, emphasised that the group is a business organisation just like any other, and ruled out the necessity for further discussion.

* Statements regarding their contact with the group have been made by lic and SBI.

* Premature loan repayment and the release of some pledged shares.

* Additional shares were pledged to provide foreign lenders more peace of mind.

* Nirmala Sitharaman, the finance minister, responded on saturday to the supreme Court's statement about the need for investor protection by saying, "Indian regulators are aware of the concerns involving the adani Group." This declaration was made at the routine RBI post-budget meeting.

మరింత సమాచారం తెలుసుకోండి:

G GOWTHAM

13/02/2023 11:59 AM