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Three Adani group companies have pledged shares for lenders to the Indian conglomerate’s flagship Adani Enterprises, which pulled a $2.5 billion share sale during a recent market rout, the debt trustee firm said.

Adani Ports and Special Economic Zone, Adani Transmission Ltd and Adani Green Energy Ltd pledged shares to SBICAP Trustee Co, the firm, a unit of India’s biggest state lender, State Bank of India, said in a Friday filing to the Bombay Stock Exchange.

The Adani group, controlled by billionaire Gautam Adani, has lost more than $100 billion in market value since Jan. 24, when a U.S. short seller issued a scathing report on the apples-to-airports conglomerate.

India’s top court says investor interests must be protected after Adani report

Hindenburg Research accused the group of stock manipulation and improper use of offshore tax havens. The conglomerate has rejected the firm’s findings and denied any wrongdoing.

India’s market regulator, the Securities and Exchange Board of India, is investigating the Adani group’s links to some of the investors in the conglomerate’s aborted share sale, sources told Reuters on Friday.

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SAMIR SARDANA Feb 11, 2023 10:00pm
AGL/ATLA/APL PLEDGE SHARES FOR AEL LOANS THAT EXPLAINS THE RALLY IN ADANI STOCKS,AND THE MAXMIUM RALLY, IN AEL !!!!!!!!!!!!! THE GLARING OBVIOUSNESS ! CHAIWALA\S HINDOOOSTHAN ! INDIAN INFRA = CONTRACTS ARE FROM GOI TO EXECUTE,LOANS ARE FROM PSB. KOYAK BANK WILL NOT LEND TO GET PAYMEENTS,FOR WORK DONE, GOI BABOO HAS TO CLEAR BILLS THE TRINITY IS CONTROLLED BY NETA IN CHAIWALA'S HINDOOSTHAN - ONL;Y WAY FOR NETAS, TO MAKE MONEY IS "INFRASTRUCTURE" WHICH IS Y,CHAIWALA, IS BUILDING INFRA ! INDIAN DUDS THINK,THAT THE CHAIWALA IS DOING THIS,FOR ACHE DIN ! CHAIWALA CAN DESTROY ANY INFRA COMPANY ! TAKE HCC - HINDUSTAN CONSTRUCTION COMPANY ! CHANGES IN LAWS, LITIGATIONS,ARBITRATIONS, FORCE MAJEURE,OR STALLED PROJECTS NETA CONTROLS THE LEVERS. AND SO, ADANI IS A SUCCESS..SAMIR SARDANA ADANI'S ROCKET LAUNCH IS "ONLY" DUE TO CHAIWALA. BUT THAT ROCKET HAS MASSIVE RCS,FIXED TRAJECTORY AND LOW FUEL. AND THAT IS Y HINDENBERG HAS HACKED IT AND IT IS IN TERMINAL DESCENT.SAMIR SARDANA
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