Recently, Adani Group stocks had taken a beating on the bourses after US-based short seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share-price manipulation
Sources said that before the demonstration, the Opposition parties led by Congress will meet at 9.30 a.m. to finalise a strategy for the day in Parliament.
BRS President and Chief Minister K Chandrasekhar Rao demanded for a discussion in the Parliament on the Adani row and also constitution of a Joint Parliamentary Committee to probe into the controversy
According to data on the SEBI website, one of the members on its 2017 Committee on Corporate Governance was corporate and project finance lawyer Cyril Shroff, also the managing partner of Cyril Amarchand Mangaldas.
Both Houses of Parliament were adjourned on Thursday as the opposition demanded an investigation by the Joint Parliamentary Committee (JPC) on the new revelations.
Leader of opposition Mallikarjun Kharge said, "We demand an investigation by the Joint Parliamentary Committee on the issue and will raise the demand inside Parliament.
Stating that "Fraud cannot be obfuscated by nationalism" the Hidenburg Research hit out at the Adani Group claiming that the latter's "Bloated Response" ignored "every key allegation we raised."
Cutting across party lines, politicians are demanding the BJP-led Centre to ensure a thorough probe into the allegations leveled against the Adani Group.
Adani Group said it was mulling legal options in the US and India against Hindenburg Research after its report accused firms owned by Gautam Adani of market manipulation and accounting fraud.
Citing a Hindenburg Research report which alleged that the Adani Group, has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades
Former Secretary to the union Government, EAS Sarma, has termed as objectionable the allotment of 130 acres of land to Adani group for setting up a Data Analytics Centre in Visakhapatnam