The short-seller sought clarification on whether PMC Projects is a dummy firm affiliated to the Adani Group.
Interestingly, Chang Chung-Ling's son owns PMC Projects, according to the US research firm.
Civil Engineer/Data Cruncher~ opinionated, not neutral & partisan towards facts;)~ Interests - Water, Energy, Dam Safety, Public Policy, Finance & Photography
The short-seller sought clarification on whether PMC Projects is a dummy firm affiliated to the Adani Group.
Interestingly, Chang Chung-Ling's son owns PMC Projects, according to the US research firm.
DRI records reveal that Chung-Ling has shared the same residential address with Vinod Shantilal Shah a.k.a Vinod Adani, brother of Gautam Adani.
https://www.outlookindia.com/business/who-is-chang-chung-ling-the-chinese-link-featured-in-hindenburg-adani-crossfire--news-258079
Adani Wilmar & Adani Power also touched Lower Circuit today
Adani Total Gas touched the lower circuit as it is revised from 20% to 10%. The inevitable can be delayed for the time being...
Rahul Gandhi takes on Modi, Shah, Doval: ‘They instigate violence… won’t understand the pain’
very true words!
Asia’s richest man loses $50 billion in a day as Adani bloodbath continues...
If your rise is meteoric, your fall will be spectacular!
https://www.forexfactory.com/news/1202701-asias-richest-man-loses-50-billion-in-a
#HindenburgReport already drained $72 billion (₹5.9 lakh crores) of Ambani empire!
Adani lost another $8.5 billion (8.8%) & fall one more place..
Now at no.8 as per Forbe's richest list...
Anyone estimated the total market cap loss of Adani today? Adani Greens with 11.5 M shares lost 20% value..so interesting to know today's score
Today's final scorecard for Adani stocks
Even after arm twisting all state run institutions to invest defying all logic, the downfall is happening!
Trolls are really betting on #hidenburgresearch and plan to buy Adani stocks for Rs.2/- #NationBuilding
NDTV is now reduced to just a logo!
This gem from Mohan Guruswamy shows the distribution of bank loans to Adani
Adani spillover fears rattle LIC, bank stocksThe State Bank of India and nine other public sector lenders collectively saw Rs 50,571 crore being wiped out of their market cap on Friday.
Now Govt will let banks to pickpocket us!
https://www.deccanherald.com/business/business-news/adani-spillover-fears-rattle-lic-bank-stocks-1185345.html?utm_source=newsshowcase&utm_medium=gnews&utm_campaign=CDAQs4DZ_8ew_Jc-GLO0-uOamtP9kgEqKggAIhCOvL9g8MALEott4s9T7O2gKhQICiIQjry_YPDACxKLbeLPU-ztoA&utm_content=rundown
via @GoogleNews@twitter.com
The list and the fall
LIC’s combined investment in Adani group stocks plunged to Rs 62,621 crore on January 27, 2023 from Rs 81,268 crore on January 24, 2023, indicating a notional loss of Rs 18,647 crore.
The selloff in Gautam Adani’s corporate empire accelerated on Friday, erasing more than $50 billion of market value in less than two sessions, that is a whopping ₹4 lakh crore!
Streisand effect has taken over the Modi documentary..
Any attempt to censor, hide, or otherwise draw attention away from something only serves to attract more attention to it. That is it!
https://www.nytimes.com/2023/01/25/world/asia/india-bbc-modi-documentary.html?smid=tw-share
“He is a world-class digger,” the report quoted Markopolos as saying of Anderson. “If there are facts he will find them and all too often he’ll discover that there are skeletons in the closet.” https://indianexpress.com/article/explained/explained-economics/what-is-hindenburg-research-accused-adani-fraud-8404531/