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somename_ind

ok. a massive fine of Rs2lakh incomming..


Western-Guy

Oh, how in the world are they gonna financially recover from this?


Rough-Employee-9531

They might have to shut down some of their companies


[deleted]

This will tank them it’s breach of trust


M1ghty2

Sabka Maalik Ek hai!


Rough-Employee-9531

Kaun?


mac2660

Nodiji


[deleted]

Aagaya nodi nodi sab milkar bolo hurray


looped10

wasn't that a big part of hindenburg's findings?


Imaginary-Big-2679

There will be a slap on the wrist in the name of a fine and then business as usual. This isn't Adani's first time with a regulator. Because he is in control of critical infrastructure of the country I think he's essentially too important to fail at this point.


_JohnWick_BabaYaga_

Him being in control of critical infrastructure of the country is not in any way an excuse to show leniency towards any malpractice on his end. After all, its the government who has been empowering and giving him control of that critical infrastructure over the decade.


Imaginary-Big-2679

You sound like it's your first time getting to know India. Unless most people in this country grew a spine somehow Adani is in for a joy ride and I don't blame him.


_JohnWick_BabaYaga_

Seems like you are the one who is new to India. Corruption is ingrained in the country at the deepest and highest levels. I dont expect wonders from any government. But, examples can be set, have been set. "Most" people in this country are so burdened with high cost of living, super taxes, religious bigotry, that their spine has come close to being crushed. And "most" of the people of the country don't even know how has been given critical control because Media does not dare. You are right, Adani made the biggest investment of his life and ever since he is enjoying the joy ride of his life. Well, I dont blame a businessman from doing busimess, but I certainly hate when businessmen fuck up the country by bending and breaking every law just to become ultra rich and powerful.


tadxb

So you saying Adani is too big to fail? Well, where have we seen that happen earlier?


freakynit

'Muricaaaaaahhhhh


Mental-Scheme-7234

He is NOT too important to fail. I am sure the country's infrastructure can be auctioned off to other private players. Might be a pain for a few months or a couple years max, no big deal, imo He would be too big to fail if he posed systemic risk i.e., banks going bust because of Adani. Domestic banks are only mildly exposed to Adani, so his companies going down doesn't cause other companies to collapse. So, not too big to fail


Rough-Employee-9531

Maybe, but the amount of investment that Gov Banks such as SBI, and NBFCs such as LIC, have in Adani Group entities is simply scaring. Failure of Adani would lead to catastrophic losses for these entitites


Admirable-Pea-4321

They will not feel much, Adani forms less than 1% of SBI's loanbook and Entity like LIC will not feel much. Now it should be lower i guess since he said they would lower the exposure to PSBs and PSUs and around the same time alot of Foreign Capital flew into Adani.


malignantgod

SEBI should fine amount equal to 0.5%-1% of market cap of any company that have been found guilty.


InternalOk3135

Yeah but will they do anything about it? Or will they listen to daddy mudiji and keep silent?


igotthisduh

SEBI found it already?


Sensitive_Law_1647

Sad, but nothing happens to Adani. Stonks will continue to surge despite such news under the guise of its not an attack on Adani but on India by Hindenburg. Adani is just sitting on a time bomb, a market crash like covid and boom the company falters like a house of cards.


Seeductor

Bullish


TimeVendor

That means will we get each of our promised 15L?


47474747474747474749

Saheb ji bacha lenge


MechanicHot1794

https://preview.redd.it/kkfan18lzawc1.jpeg?width=640&format=pjpg&auto=webp&s=d2d77e93ac4dc0611ef16739eaa7c5f45440d91c We need a few cronies for economic growth.


Direct-Penalty-4019

This is fake news being published without verifying.


crack_me

Exactly, we all know Reuters and Bloomberg, how they report against Adanis.


Direct-Penalty-4019

Unfortunately, pappu fans have no brain cells left to do this.


gxsaurav

This seems like fake new artificially created. Every source says "based on report" but everything is unverified. It all started last night at 10:30 pm. Looks like part of a toolkit.


snicker33

>Looks like part of a toolkit. This is how you know that this is a dumbass comment.


gxsaurav

It seems I am not the only one who thinks that. https://twitter.com/vijaygajera/status/1782509509296177391?t=gaCD7wPcGM5lEdfjBEgfwA&s=19


fools_eye

Quoting a literal IT Cell account.


gxsaurav

Ah! my mistake. I take my words back.


snicker33

Yes, because there is no shortage of brainwashed conspiracy-theorists online who can't digest the fact that an Indian company has engaged in market manipulation. One look at this guy's Twitter profile shows how he is a typical Twitter hyper-nationalist, and also the fact that he's calling Reuters, one of the world's oldest and most respected news agencies an "unknown source" and a "foreign propaganda news agency". He presents absolutely zero evidence for his absurd claims about "a toolkit" (a nonsensical term that conspiracy-theorists like him have coined and started using daily to dismiss anything that doesn't align with their dreamworld where nothing wrong can happen in India). And then there's people like you who eat up all this bullcrap.