The Adani Group – which is struggling to restore investor confidence following allegations of fraud – will invest in the construction and strengthening of logistics in UP.
Adani Group has hired top lawyers at New York’s Wachtell, Lipton, Rosen & Katz to fight back allegations of stock manipulation and accounting fraud levelled by Hindenburg Research.
With his assets valued at USD61.2 billion, Adani – chairman of port-to-energy conglomerate the Adani Group was at 17th place in Forbes’ real-time list of richest billionaires on Tuesday.
Lab-grown diamonds are chemically, physically, and optically the same as those found beneath the earth's surface.
Meanwhile, Credit Suisse and Citigroup have stopped accepting securities of Adani Group as collateral for margin loans.