All Adani group stocks tumble; Adani Energy slumps 17%

 All ten ani group stocks slumped in early tre on Monday, with ani Energy tumbling 17 per cent, after US short-seller Hindenburg Research alleged that SEBI chairperson Mhabi Puri Buch and her husband h undisclosed investments in obscure offshore funds in Bermuda and Mauritius, same entities allegedly used by Vinod ani to round-trip funds and inflate stock prices.

ani Energy Solutions nosedived 17 per cent, ani Total Gas tanked 13.39 per cent, NDTV plunged 11 per cent and ani Power dropped 10.94 per cent on BSE.

Stocks of ani Green Energy declined 6.96 per cent, ani Wilmar slumped 6.49 per cent, ani Enterprises tumbled 5.43 per cent, ani Ports dived 4.95 per cent, Ambuja Cements skidded 2.53 per cent and ACC dipped 2.42 per cent.

Hindenburg Research h on Saturday alleged that SEBI chairperson Buch and her husband h undisclosed investments in obscure offshore funds in Bermuda and Mauritius, same entities allegedly used by Vinod ani - elder bror of group chairman Gautam ani - to round-trip funds and inflate stock prices.

Buch and her husband issued a statement calling Hindenburg's latest tire as an attack on credibility of SEBI and attempted "character assassination".

In equity market, 30-share BSE Sensex tanked 479.78 points to 79,226.13. NSE Nifty dropped 155.4 points to 24,212.10.

Buch and her husband Dhaval Buch in a joint statement on Sunday said investments were me in 2015, well before her appointment as a whole-time member of SEBI in 2017 and subsequent elevation as chairperson in March 2022, and in capacity as "private citizens living in Singapore". se funds became "dormant" on her appointment in SEBI.

"SEBI was tasked with investigating investment funds relating to ani matter, which would include funds Ms Buch was personally invested in and funds by same sponsor which were specifically highlighted in our original report. This is obviously a massive conflict of interest," Hindenburg said.