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Congress has also asked PM Modi three questions on Gautam Adani under ‘Hum Adani Ke Hain Koun’ series. Releasing the set of questions, Congress General Secretary Jairam Ramesh said, “Dear Prime Minister Modi, as promised, here are the three questions of the 30th day of the “Hum Adani Ke Hain Koun” series.
Question number- 1
Adani Group’s market share has grown by more than 1,000% in three years. The group has a market cap of Rs 2 lakh crore in 2019, expected to cross Rs 20 lakh crore in 2022, before slowing down by 2023. This is a very fast growth rate even for a large conglomerate and it is no coincidence that the boom This is very similar to an earlier stock market scandal, in which the Adani Group was also involved. As reported in the series on February 13, 2023, the high volatility in the shares of Adani Exports (now known as Adani Companies) between 1999 and 2001 was revealed when SEBI investigated the infamous Units linked to market manager Ketan Parekh was involved in “activities such as synergistic trading/share trading and creation of artificial volumes” to influence Adani share prices and “Adani Group promoters aided and abetted these manipulations”. this track record, how the regulatory and research institutes under your control have failed to check this foreign share price change? What about the image of India that has been tarnished by this kind of fraud (in which it is also complicit) by the group your favorite business?