The document, seen by Reuters, showed that India’s Adani Group will hold a fixed income roadshow in London, Dubai and several US cities this month as the group attempts to restore confidence following the US short selling report.
According to the document, representatives of Adani Group’s management, including Chief Financial Officer Jogishender Singh, will take part in road shows that will be held from March 7 to 15.
And recently, the Supreme Court of India formed a six-member committee to review regulatory mechanisms to protect investors’ interests following the massive losses suffered by the Adani Group following a report previously released by the short-selling company Hindenburg v. Group.
The court asked the deputies to complete the investigation of the case within two months, and also to check whether there is relevant information about the defendants that were not disclosed.
It is noteworthy that yesterday, Thursday, the shares of the Adani group of companies rose, offsetting the previous loss by 10%, as 37 million shares were sold in two large transactions, which is equivalent to 3.2% of its shares.
