CA Paaras Gangwal
@ThetaVegaCap • 73,420 subscribers
| CA, CS | TechnoFunda |Equity Research I Speaker at WIRC ICAI | Mutual Funds | Personal Finance | #BeWithWinner🏆
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Senior advocate Raian N. Karanjawala has correctly highlighted the procedural gap in the initial US DOJ approach on the Adani case. The Department had earlier given only a one-line reason for dropping the charges. After US District Judge Nicholas Garaufis sought detailed justification on June 26, the DOJ filed a comprehensive 10-page response on July 4. This filing explains why the case lacked sufficient basis, including no investor losses and weak jurisdictional grounds. This step provides incremental clarity on the path to resolution. The Adani Group had seen a sharp erosion of nearly $55 billion in market capitalisation in the days following the November 2024 indictment. As the legal process moves towards structured closure, with the next hearing scheduled around July 13, it could support near-term sentiment in Adani Group stocks today. Any positive reaction, however, will also depend on broader market flows and sector performance. Investors should track price action and volumes in the coming sessions while considering overall fundamentals. This is not investment advice.
CA Paaras Gangwal219,022 просмотров • 3 месяцев назад
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