Adani Groups

In the Adani Group case, the Supreme Court issued a notice to the Securities and Exchange Board of India (SEBI) and asked to complete the probe by August 14.  The bench headed by Chief Justice D Y Chandrachud also directed the SEBI to file an updated status report on the investigation regarding Adani Groups' role in stock fluctuation and submit a report. The next hearing is on July 11.

Jeet Adani, the youngest son of Gautam Adani got engaged, after he proposed to Diva Jaimin Shah recently. According to sources, the couple's close friends and family members attended the private engagement ceremony. Jeet is the Vice President of Finance for the Adani Group, and Diva, the bride-to-be, is the daughter of renowned diamond trader Jaimin Shah of C.Dinesh & Co. Pvt. Ltd.

Union Home Minister Amit Shah responded to the allegations of the Indian National Congress over Adani V/S Hindenburg Row. On February 14, Shah said, "There is nothing to hide or be afraid of." In a news interview Amit Shah denied any favours to Adani Group by the Modi Government and said, Congress's allegations are baseless. Earlier, in the Lok Sabha and Rajya Sabha session, PM Modi also rubbished the allegations.

After the Hindenburg-Adani issue, 50-year-old  Lord Jo Johnson has resigned as the director of Elara Capital, an investment firm linked to Adani Group. At the same time, Johnson has cited a lack of expertise as a reason to quit from the firm. Besides the loss of $100 million, the Adani group is likely to lose investors and is also on the watchlist of the Reserve Bank of India. 

Adani Groups Chairman Gautam Adani announced to the withdrawal of all FPOs worth Rs. 20,000 crores. Addressing the media on February 2, Adani said, the decision to return the FPO money of all the investors and shareholders was taken in the view of the 'Market Volatility'. "In my humble journey of over 4 decades as an entrepreneur I have been blessed to receive overwhelming support from all stakeholders," said  Adani.