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I started reading but couldn't get my sleepy brain around how Adani manipulated the stocks. Sure, the valuations are astronomical but doesn't indicate that Adan
by mdani 4y ago
I started reading but couldn't get my sleepy brain around how Adani manipulated the stocks. Sure, the valuations are astronomical but doesn't indicate that Adanis themselves are behind the rise? Can someone please post a TLDR?
- chx 4y agoAs far as I understand, an overwhelming majority of the stock of the companies are not up for trade on the exchange but rather held by offshore entities in violation of the rules which makes it trivial to manipulate the price of the stock. These entities are owned by Adani or his associates.