{"id":57706,"date":"2023-01-29T07:51:17","date_gmt":"2023-01-29T07:51:17","guid":{"rendered":"https:\/\/showbizztoday.com\/index.php\/2023\/01\/29\/women-premier-leagues-new-team-owner-adani-loses-rs-4-17-lakh-cr-in-market-cap-after-hindenburg-report-bcci-says-not-concerned-follow-live\/"},"modified":"2023-01-29T07:51:19","modified_gmt":"2023-01-29T07:51:19","slug":"women-premier-leagues-new-group-proprietor-adani-loses-rs-4-17-lakh-cr-in-market-cap-after-hindenburg-report-bcci-says-not-concerned-follow-live","status":"publish","type":"post","link":"https:\/\/showbizztoday.com\/index.php\/2023\/01\/29\/women-premier-leagues-new-group-proprietor-adani-loses-rs-4-17-lakh-cr-in-market-cap-after-hindenburg-report-bcci-says-not-concerned-follow-live\/","title":{"rendered":"Women Premier League\u2019s new group proprietor Adani loses Rs 4.17 lakh Cr in market cap after Hindenburg report, BCCI says &#8216;Not Concerned&#8217;, Follow LIVE"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>WPL 2023: Adani vs Hindenburg Research \u2013\u00a0Indian Cricket\u2019s new entrant Gautam Adani is in disaster. Following an explosive report by Hindenburg Research,\u2026<\/p>\n<\/p><\/div>\n<div>\n<p><strong>WPL 2023: Adani vs Hindenburg Research \u2013\u00a0<\/strong>Indian Cricket\u2019s new entrant Gautam Adani is in disaster. Following an explosive report by Hindenburg Research, as soon as the world\u2019s 2nd richest man, Adani group has now misplaced over Rs 4.17 lakh market cap in simply 2 days. While it has already impacted India\u2019s share market, it brings one pertinent query, will it have an effect on Adani Sportsline\u2019s sports activities pursuits? Adani Group owns Gujarat Giants (WPL), Gujarat Giants (Pro Kabaddi) and Gulf Giants in ILT20. Adani Sportsline bought Women Premier League Ahmedabad franchise for a document Rs 1,289 Cr final week. <strong>Follow Women\u2019s Premier League Live Updates on InsideSport.IN.<\/strong><\/p>\n<aside class=\"scaip scaip-1    \">\n\t\t<\/aside>\n<p><strong>Adani Group in Sports:<\/strong><\/p>\n<ul>\n<li><strong>ILT20:<\/strong> Gulf Giants<\/li>\n<li><strong>WPL:<\/strong> Gujarat Giants<\/li>\n<li><strong>PKL:<\/strong> Gujarat Giants<\/li>\n<li><strong>Ultimate Kho Kho:<\/strong> Gujarat Giants<\/li>\n<li><strong>Legends Cricket League:<\/strong> Gujarat Giants<\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline;\"><strong>WPL 2023: Women Premier League\u2019s new group proprietor Adani loses Rs 4.17 lakh Cr in market cap after Hindenburg report, will it influence sports activities funding? Follow LIVE Updates<\/strong><\/span><\/p>\n<div class=\"thb-post__title\">\n<p><a href=\"https:\/\/www.insidesport.in\/wpl-2023-player-auction-inaugural-womens-premier-league-player-auction-set-to-be-held-in-new-delhi-during-2nd-week-of-february-details-here-follow-wpl-auction-live\/\" target=\"_blank\" rel=\"noopener\"><strong>WPL 2023 Player Auction: Inaugural Women\u2019s Premier League Player Auction set to be held in New Delhi throughout 2nd week of February, Details right here, Follow WPL Auction LIVE<\/strong><\/a><\/p>\n<p><img data-attachment-id=\"638926\" data-permalink=\"https:\/\/www.insidesport.in\/wipl-teams-auction-2nd-time-lucky-world-third-richest-man-gautam-adani-enters-indian-cricket-with-record-1289-cr-bid-check-out\/whatsapp-image-2023-01-25-at-15-48-12\/\" data-orig-file=\"https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/WhatsApp-Image-2023-01-25-at-15.48.12.jpg\" data-orig-size=\"1200,675\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"WIPL Teams Auction, Gautam Adani, Adani Group WIPL, WIPL 2023, Women IPL Teams Auction, BCCI, Mukesh Ambani, Adani Indian Cricket, Women IPL 2023\" data-image-description=\"&lt;p&gt;WIPL Teams Auction, Gautam Adani, Adani Group WIPL, WIPL 2023, Women IPL Teams Auction, BCCI, Mukesh Ambani, Adani Indian Cricket, Women IPL 2023&lt;\/p&gt;&#10;\" data-image-caption=\"\" data-medium-file=\"https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/WhatsApp-Image-2023-01-25-at-15.48.12.jpg?w=300\" data-large-file=\"https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/WhatsApp-Image-2023-01-25-at-15.48.12.jpg?w=809\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-638926 size-full\" src=\"https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/WhatsApp-Image-2023-01-25-at-15.48.12.jpg\" alt=\"WPL 2023 Auction, Women Premier League, Adani vs Hindenburg Research, Gujarat Giants WPL, Women's Premier League, BCCI, Gautam Adani, Adani Group \" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/WhatsApp-Image-2023-01-25-at-15.48.12.jpg 1200w, https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/WhatsApp-Image-2023-01-25-at-15.48.12.jpg?resize=300,169 300w, https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/WhatsApp-Image-2023-01-25-at-15.48.12.jpg?resize=768,432 768w, https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/WhatsApp-Image-2023-01-25-at-15.48.12.jpg?resize=1024,576 1024w, https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/WhatsApp-Image-2023-01-25-at-15.48.12.jpg?resize=690,388 690w, https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/WhatsApp-Image-2023-01-25-at-15.48.12.jpg?resize=345,194 345w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"\/><\/p>\n<\/div>\n<p class=\"thb-post__excerpt\">However, as issues stand, Adani Sportsline-owned Gujarat Giants WPL group is secure. BCCI isn&#8217;t involved with the reviews and the guardian firm\u2019s sudden downfall.<\/p>\n<aside class=\"scaip scaip-2    \">\n\t\t<\/aside>\n<p class=\"thb-post__excerpt\"><strong>\u201cIt\u2019s not a concern at all. Adani Sportsline is a sports arm of Adani Group and it has nothing to do with whatever has come out. Auctions were done in a transparent manner. Adani Sportsline won it fair and square. We have not had any indication to believe the entity will not carry out its duty as a WPL franchise,\u201d<\/strong> a senior BCCI official instructed InsideSport.<\/p>\n<p>However, if issues might change in future if the Government of India or SEBI launches additional investigation or finds the proprietor of group of corporations liable. Currently, the franchise is secure and is prepared to participate in WPL 2023.<\/p>\n<p><strong>\u201cThe report is done by a third-party entity. If our govt or govt committees find any irregularities or any alleged fraud that they are talking about, we will discuss the matter then. For now, it is not even a topic to have concerns for,\u201d <\/strong>the BCCI official additional mentioned.<\/p>\n<aside class=\"scaip scaip-3    \">\n\t\t<\/aside>\n<p><strong>Adani vs Hindenburg Research \u2013 <\/strong>US-based Hindenburg Research has accused Adani Group of brazen company fraud. It has alleged that Adani Group has manipulated shares and dedicated monetary fraud. As a end result, the businesses have seen a freefall in inventory market.<\/p>\n<ul>\n<li>Adani members of the family allegedly cooperated to create offshore shell entities in tax-haven jurisdictions producing solid import\/export documentation.<\/li>\n<li>The corporations allegedly showcased faux or illegitimate turnover to siphon cash from the listed corporations.<\/li>\n<li>Vinod Adani (Gautam Adani\u2019s elder brother) opened a series of shell corporations to serve inventory parking\/ inventory manipulation.<\/li>\n<li>The shell corporations allegedly laundered cash by way of Adani\u2019s personal corporations.<\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline;\"><strong>WPL 2023: Women Premier League\u2019s new group proprietor Adani loses Rs 4.17 lakh Cr in market cap after Hindenburg report, will it influence sports activities funding? Follow LIVE Updates<\/strong><\/span><\/p>\n<p><img data-attachment-id=\"642290\" data-permalink=\"https:\/\/www.insidesport.in\/wpl-2023-player-auction-inaugural-womens-premier-league-player-auction-set-to-be-held-in-new-delhi-during-2nd-week-of-february-details-here-follow-wpl-auction-live\/1b3fcd77-71a7-4f96-ad4d-80dc28d6a96c\/\" data-orig-file=\"https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/1b3fcd77-71a7-4f96-ad4d-80dc28d6a96c.jpg\" data-orig-size=\"1200,675\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"WPL 2023 Player Auction: Women\u2019s Premier League Player Auction set to be held in New Delhi during 2nd week of February, Details here, Follow WPL Auction LIVE\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/1b3fcd77-71a7-4f96-ad4d-80dc28d6a96c.jpg?w=300\" data-large-file=\"https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/1b3fcd77-71a7-4f96-ad4d-80dc28d6a96c.jpg?w=809\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-642290 size-full\" src=\"https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/1b3fcd77-71a7-4f96-ad4d-80dc28d6a96c.jpg\" alt=\"WPL 2023 Auction, Women Premier League, Adani vs Hindenburg Research, Gujarat Giants WPL, Women's Premier League, BCCI, Gautam Adani, Adani Group \" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/1b3fcd77-71a7-4f96-ad4d-80dc28d6a96c.jpg 1200w, https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/1b3fcd77-71a7-4f96-ad4d-80dc28d6a96c.jpg?resize=300,169 300w, https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/1b3fcd77-71a7-4f96-ad4d-80dc28d6a96c.jpg?resize=768,432 768w, https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/1b3fcd77-71a7-4f96-ad4d-80dc28d6a96c.jpg?resize=1024,576 1024w, https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/1b3fcd77-71a7-4f96-ad4d-80dc28d6a96c.jpg?resize=690,388 690w, https:\/\/www.insidesport.in\/wp-content\/uploads\/2023\/01\/1b3fcd77-71a7-4f96-ad4d-80dc28d6a96c.jpg?resize=345,194 345w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"\/><\/p>\n<p>Meanwhile, BCCI is making ready for the inaugural Women Premier League Auction. The board has acquired an awesome response from gamers and different cricket boards. The public sale is predicted in 2nd week of February in New Delhi or Bengaluru. BCCI will announce the venue and last date this week.<\/p>\n<div class=\"\" data-block=\"true\" data-editor=\"8d1qr\" data-offset-key=\"619ne-0-0\">\n<p><strong>Women\u2019s IPL Teams Auction \u2013<\/strong><\/p>\n<\/div>\n<ul class=\"public-DraftStyleDefault-ul\" data-offset-key=\"82eod-0-0\">\n<li class=\"public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-reset public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR\" data-block=\"true\" data-editor=\"8d1qr\" data-offset-key=\"82eod-0-0\">\n<p><span data-offset-key=\"82eod-0-0\">Ahmedabad \u2013 Adani (Rs 1289 Cr)<\/span><\/p>\n<\/li>\n<li class=\"public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR\" data-block=\"true\" data-editor=\"8d1qr\" data-offset-key=\"ccb7o-0-0\">\n<p><span data-offset-key=\"ccb7o-0-0\">Mumbai \u2013 Reliance (MI) \u2013 Rs 912 Cr<\/span><\/p>\n<\/li>\n<li class=\"public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR\" data-block=\"true\" data-editor=\"8d1qr\" data-offset-key=\"d2sg7-0-0\">\n<p><span data-offset-key=\"d2sg7-0-0\">Bangalore \u2013 Diageo (RCB) \u2013 901 Cr<\/span><\/p>\n<\/li>\n<li class=\"public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR\" data-block=\"true\" data-editor=\"8d1qr\" data-offset-key=\"coavh-0-0\">\n<p><span data-offset-key=\"coavh-0-0\">Lucknow \u2013 Capri Global \u2013 757 Cr<\/span><\/p>\n<\/li>\n<li class=\"public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR\" data-block=\"true\" data-editor=\"8d1qr\" data-offset-key=\"5t7cu-0-0\">\n<p><span data-offset-key=\"5t7cu-0-0\">Delhi \u2013 DC franchise \u2013 810 Cr<\/span><\/p>\n<\/li>\n<\/ul>\n<h4>Base Price and Auction Rules for the WPL Auction<\/h4>\n<ul>\n<li>Capped gamers may have three pricing classes (INR 50 lakh, INR 40 lakh, and INR 30 lakh).<\/li>\n<li>The participant\u2019s agreed-upon fee for the competitors will probably be proven within the hammer value on the finish of the bidding process.<\/li>\n<li>The base price for uncapped gamers is out there in two sizes: INR 20 lakh and INR 10 lakh.<\/li>\n<li>Five yet-to-be-named franchises will then replace the \u201cAuction Register\u201d in accordance with the IPL\u2019s present protocol to create an \u201cAuction List,\u201d which is able to then be put up for bids.<\/li>\n<li>Those who&#8217;re within the \u201cRegistered Available Player Pool\u201d however are usually not chosen on the public sale may have one other probability to be chosen as alternative gamers (s).<\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline;\"><strong>WPL 2023: Women Premier League\u2019s new group proprietor Adani loses Rs 4.17 lakh Cr in market cap after Hindenburg report, will it influence sports activities funding? Follow LIVE Updates<\/strong><\/span><\/p>\n<p><a href=\"https:\/\/news.google.com\/publications\/CAAiEFRKFG89WaTpzqXK1KNa00wqFAgKIhBUShRvPVmk6c6lytSjWtNM?ceid=IN:en&amp;oc=3&amp;hl=en-IN&amp;gl=IN\" target=\"_blank\" rel=\"noopener\"><strong>Follow InsideSport on GOOGLE NEWS<\/strong><\/a>\u00a0\/\u00a0<strong>Follow WPL 2023 Live Updates with InsideSport.IN.<\/strong><\/p>\n<p><h3 class=\"jp-relatedposts-headline\"><em>Related<\/em><\/h3>\n<\/p><\/div>\n<p>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] WPL 2023: Adani vs Hindenburg Research \u2013\u00a0Indian Cricket\u2019s new entrant Gautam Adani is in disaster. Following an explosive report by Hindenburg Research,\u2026 WPL 2023: Adani vs Hindenburg Research \u2013\u00a0Indian Cricket\u2019s new entrant Gautam Adani is in disaster. Following an explosive report by Hindenburg Research, as soon as the world\u2019s 2nd richest man, Adani group [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":57708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[],"class_list":{"0":"post-57706","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports"},"_links":{"self":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/57706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=57706"}],"version-history":[{"count":0,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/posts\/57706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media\/57708"}],"wp:attachment":[{"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=57706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=57706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/showbizztoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=57706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}