Adani-Hindenburg row: RBI asks banks for details of exposure to Adani Group - reports

Hours after Adani decided not to go ahead with the fully subscribed FPO and Gautam Adani broke his silence, reports say that RBI has asked domestic banks for details of their exposure to Adani group companies. A Reuters report quotes govt and banking sources.

Shares of Adani Enterprises tumbled 15 per cent in early trade on Thursday, a day after the firm said it had decided not to go ahead with its Rs 20,000-crore Follow-on Public Offer (FPO) and would return the proceeds to investors.

Adani Group stocks have taken a massive beating on the bourses since Hindenburg Research made a litany of allegations in its report, including fraudulent transactions and share price manipulation at the Gautam Adani-led group.

Adani Group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.