Discover and read the best of Twitter Threads about #adanis

Most recents (2)

1 THREAD on the SC’s order today constituting an expert committee to enquire into the #Hindenburg allegations. The supreme irony is that #SEBI gets away scot-free. Crucially, invoking the holy grail of “investor protection” is how #SEBI escapes court criticism/scrutiny
2 It is important to reiterate that crux of the Hindenburg allegations rest on the claim that the ownership of the #Adani Group Cos is concentrated above SEBI-set levels through entities not at arms length from the promoters. The rest of the allegations stem from this central one
3 The overvaluation of group company stocks and therefore of the companies is made possible because of the low “free float” - implying scope for manipulation - which then enables the #Adani Group to leverage even greater volumes of debt
Read 18 tweets
#BiasedBloomberg
Another confused effort from Bloomberg. Essentially trying to say #Adanis present difficulties represent a challenged to India's 2070 #NetZeroGoals.

m.economictimes.com/industry/renew…
Decipher what this means
"Ashiwni Swain, fellow at New Delhi-based Centre for Policy Research. “We cannot bank on two or three companies to reach our goals. We need a populated sector,” he said.

“There are other players and many more will join to take the journey forward.”
"At the same time, Power Minister Raj Kumar Singh told reporters in New Delhi on Thursday that there are more than a dozen large firms that can push India’s agenda forward."
Read 7 tweets

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