sagar cements limited (sagcem) announces strategic shift ✌️【Quick Returns】✌️ Real-time global stock, futures, and forex data to help you master market dynamics. sagar cements limited (sagcem) announces strategic shift - Free Access to Group ✌️【Quick Returns】✌️ Free real-time market data to help you quickly recover and avoid losses.

sagar cements limited (sagcem) announces strategic shift ✌️【Quick Returns】✌️ Real-time global stock, futures, and forex data to help you master market dynamics. When Hindenburg Research published a report into Gautam Adani’s sprawling business empire inJanuary 2023, accusing Asia’s then richest man of fraud going back decades, the impact was immediate and explosive: over $100 billion was wiped off the value of his companies.

Eighteen months on, Adani — who has denied any wrongdoing — has largely recovered from the broadside and the tiny US short seller has revealed how much it made betting against the Indian billionaire: just over $4 million.

sagar cements limited (sagcem) announces strategic shift ✌️【Quick Returns】✌️ Real-time updates of global stock, futures, and commodity market data to keep you in sync with the latest market trends. That figure, disclosed for the first time by Hindenburg, was published on the company’s website on Monday, along with details of a letter it said it had received from India’s markets regulator.

sagar cements limited (sagcem) announces strategic shift ✌️【Quick Returns】✌️ Free break-even services to create a customized investment plan, helping you recover quickly and achieve growth. According to the New York-based firm, the Securities and Exchange Board of India has alleged that Hindenburg’s report on Adani contained inaccurate statements meant to “mislead readers.” 【 - Free Access to Group 】 has asked SEBI and the Adani Group for comment.

sagar cements limited (sagcem) announces strategic shift ✌️【Quick Returns】✌️ Provides real-time stock index quotes, futures data, and global market trend analysis to help you seize the best investment timing. This is “an attempt to silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India,” Hindenburg said in its statement.

In its blistering report last year, Hindenburg had accused the Adani Group of “brazen stock manipulation” and questioned the “sky-high” valuations of the ports-to-power conglomerate’s firms. Hindenburg said it had taken a short position in the group’s companies, meaning it would benefit if their shares fell.

sagar cements limited (sagcem) announces strategic shift ✌️【Quick Returns】✌️ Free stock selection service to help you quickly pick high-return stocks for stable growth. The short seller, named after the 1937 airship disaster, said in Monday’s statement that it made just $4.1 million in gross revenue through gains related to Adani short positions from a relationship with unnamed investor and about “$31,000 through our own short of Adani US bonds.”

“Net of legal and research expenses (including time, salaries/compensation, and costs for a 2-year global investigation) wemaycome out ahead of breakeven on our Adani short,” it added.

Hindenburg’s report caused one of the most stunning upheavals in India’s corporate history. The Adani Group immediately denounced the accusations as “baseless” and “malicious,” but failed to halt the staggering stock market meltdown that followed.

sagar cements limited (sagcem) announces strategic shift ✌️【Quick Returns】✌️ Expert predictions with real-time global stock and futures data to help you easily capture market movements. Adani’s personal fortune was also hammered, collapsing bymore than $80 billionin the month following the release of the report.

But the group has made a remarkable comeback since then. Shares inmost of Adani’s 10 listed firms have rallied this year, and the infrastructure tycoon was brieflybackas Asia’s richest man. He is currently in second spot, behind fellow countryman Mukesh Ambani, according to Bloomberg’s Billionaire Index.

sagar cements limited (sagcem) announces strategic shift ✌️【Quick Returns】✌️ Real-time updates of global stock indices and futures trends to help you plan precise investments. SEBI launched a probe into the group after the Hindenburg report, but in JanuaryIndia’s top courtordered the market regulator to wrap up its investigation quickly and said that no further probes into the group were needed.

“In our view, SEBI has neglected its responsibility, seemingly doing more to protect those perpetrating fraud than to protect the investors being victimized by it,” Hindenburg said on Monday.

sagar cements limited (sagcem) announces strategic shift ✌️【Quick Returns】✌️ Precise stock selection to help you successfully plan investment strategies for stable returns. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Access to Group 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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