#AdaniGroup cannot file a case against @HindenburgRes for two reasons
1) Report was published in US. A case filed in India, it will be Transferred to the US under law.

Adani can’t risk providing Documentation for 270+ Entities plus Related Party Overseas Entities & 7 FPIs
Which might be made party to the case

2) There is nothing Wrong with what the Hindenburg Report disclosed. It’s contains Public Information as well as Investigative Journalism obtained at their one cost

PRECISELY why #AdaniGroup is YET to file case against #HindenbergResearch
One of the MOST important accusations of made in the #HindenburgReport is that Adani Listed Cos, Adani Family & People acting in concert are round tripping money from Adani back into Adani via FPIs. In the #AdaniGroup410page Response, they have NOT ADDRESSED THIS
Any Defamation case by #AdaniGroup will eventually go to the US courts since the Research Report was published in US.

heard of the anti-suit injunction? injunction ordering a party either not to commence or not to take any further steps in proceedings in another jurisdiction.
When a court restrains a party to a suit or proceeding before it from instituting or prosecuting a case in another court including a foreign court, it is called anti-suit injunction
Anti-suit injunctions are often the result of disputes regarding the proper jurisdiction i.e. court of a country to decide the dispute.

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More from @TheFactFindr

Jan 28
THIS IS BIG - IF #MSCI decides to cut the weight or Remove #AdaniGroup Stocks then, the entire house of cards will fall Down !!

Refer to my tweet below …. POINT 2
Let me explain the time line …. As LIC KEPT BUYING #AdaniEnterprises given the low free float, the stock kept going up and hence #AdaniEnterprises entered the following indices
(1) FTSE
(2) MSCI - the BIG DEAL
(3) NIFTY50 - All your @socialepfo, @LICIndiaForever and #NPS money
Read 11 tweets
Jan 27
#ACC #ACEM Both Fallen 15-20% .... Are they Cheap? You Decide. Here is the data.
#ACC Cmp Rs1840... TTM PE as of yday. 49.50x... So after 15% Fall, its TTM PE would be 42.5x .... Ultratech 32x and has been reporting better REV & PAT growth. So #ACC enjoys a 30% #AdaniPremium. ImageImage
#AMBUJA Cmp Rs368... TTM PE as of yday 50.2x... So after 20% Fall, its TTM PE would be 40.7x .... Ultratech 32x and has been reporting better REV & PAT growth. So #AMBUJA enjoys a 27% #AdaniPremium. ImageImage
Here is the Chart for Ultratech Cement just for reference. One More thing is that both ACC & AMBUJA were LEVERAGED buy-outs as per media reports. Basically, the entire $6.5bn Shares of ACC and AMBUJA has been pledged. In Addition, $4bn Allocated for Open Offer. Image
Read 6 tweets
Jan 27
👇This is a BIG DEAL !! Why ? Thread below
#ChristopherWood is a well known Global Strategist and VERY bullish on India. This is what #FOREIGN Portfolio Investors are telling him and Kindly NOTE, this is before the WEAK CONSUMER RESULTS and #HindenburgReport

READ CAREFULLY!! Image
Read 6 tweets
Jan 27
#BillAckman is a very well respected name in the World of Finance and Hedge Funds. The fact that he actually bothered to comment on #AdaniGroup and #hindenburgresearch suggests that this Episode has become #Mainstream in US FINANCIAL Markets. What does it mean ?
#AdaniGroup #Hindenburg Report will become Main Stream Discussion in the Broad Rooms of all the Major Financial Institutions in the World, Investment Banks, Pension Fund, Sovereign Funds, Hedge Funds, Rating Agencies, ESG agencies, Bond Holders etc
For Now, Most International Banks, International Bond Holders and any intermediaries will PUT any decision Making on #AdaniGroup on Hold and will try and REDUCE EXPOSURE.
Read 9 tweets
Jan 23
1/n Why should you #ElectricityBill witness 30% #Inflation ?. Per Media reports, Private power utilities seek up to 30% hike in tariff in Mumbai/ Here are the details.
2/n In Short @Adani Electricity has proposed a 2-7% hike in tariffs (more expensive vs Tata Power to start with) across consumption buckets and Tata Power 10-30% hike for low-end consumers and 6-7% drop for high-end customers in petitions filed before Maharashtra Regulator MERC
3/n "The proposed hike of 30% for consumers living in slums and chawls in 0-100 units category may sound alarming. .this is rationalization of tariff. Our tariff was very low in this category and over Rs1/unit less than the rival (Adani)" @TataPower
Read 7 tweets
Jan 23
During this spaces I was making a point that when one focusses on Govt Capex Numbers & Bitumen consumption, one does not see so called Big Growth vs Past.
Road data point which i wld like @CaGhanshamJoshi
Ji to share his views. Road Orders in FY22 is same as FY12
So What explains the Buoyancy of LISTED companies ? In the past, usually 10 to 15 bidders for every project. So the PIE was divided amongst many players. Many of these companies have disappeared (so have jobs).
Now Only 5-6 bidders & same PIE being shared
The COST per Kilometer has increased by 300% since 2014... See the Road Orders and See the Road Budget.

Am not able to understand how the INPUT or RAW materials (Rock Jelly, Cement, Bitumen, Labor, Energy) has increased by 300% since 2014
Read 5 tweets

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