Adani Enterprises shares removed from US Indices

The New York-based short-seller Hindenburg Research on January 24 accused the Adani group of using offshore shells for money laundering and fraud. Adani group denied the allegations, saying they were timed to hit its Rs 20,000 crore FPO. In fact, Gautam Adani, the group’s chairman, released a video statement on February 2 that he was rolling back the fully-subscribed follow-on public offering and returning investors’ money.

S&P Dow Jones Indices describes itself as the largest global resource for essential index-based concepts, data, and research, and home to iconic financial markets indicators, such as the S&P 500 and the Dow Jones Industrial Average. It is a division of S&P Global.