Adani loses Asia's richest person title as stock routs after Hindenburg report
2 years, 1 month ago

Adani loses Asia's richest person title as stock routs after Hindenburg report

Hindustan Times  

India's Gautam Adani lost his title of Asia's richest person on Wednesday as a rout in his conglomerate's stocks deepened to $74 billion after a short-seller report. Wednesday's stock losses saw Gautam Adani slip to 10th on Forbes rich list with an estimated $84.1 billion, just below rival Mukesh Ambani, the chairman of Reliance Industries Ltd who has an estimated $84.4 billion. Adani Total Gas, a joint venture between France's energy major Total and Adani Group, has been the biggest casualty of the short seller report, losing about $27 billion. Data also showed that foreign investors sold a net $1.5 billion worth of Indian equities since the Hindenburg report - the biggest outflow over four consecutive days since Sept. 30.

Report Billion Gautam Adani Adani Hindenburg Hindenburg Report Richest Person  hindenburg  gautam  loses  adani  total  group  billion  title  sentiment  report  share  stocks  stock  richest  person  asias  routs

History of this topic

Hindenburg Research To Shut Down: A Look Back At Short-seller's Allegations Against Adani Group
2 months ago

Hindenburg Research To Shut Down: A Look Back At Short-seller's Allegations Against Adani Group

ABP News  

Hindenburg Research founder Nathan Anderson announced on Wednesday that he would disband the firm, whose reports led to massive short-selling by investors and sparked investigations by authorities. In his message, Anderson wrote, “As I’ve shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research. Here Is A Look At The …

Adani Group shares rise as Hindenburg founder disbands short-seller
2 months ago

Adani Group shares rise as Hindenburg founder disbands short-seller

The Hindu  

Adani Group company shares rose sharply on Thursday morning at stock exchanges hours after Hindenburg Research founder Nate Anderson announced his decision to disband the entity. On Wednesday Mr. Anderson said that it has completed the projects it was handling.he plan has been to wind up after we finished the pipeline of ideas we were working on,” Anderson said Wednesday. …

Adani Group stocks jump up to 5% after Hindenburg shuts down operations; Adani Ent, Adani Power, Adani Ports top gainers
2 months ago

Adani Group stocks jump up to 5% after Hindenburg shuts down operations; Adani Ent, Adani Power, Adani Ports top gainers

Live Mint  

Adani Group stocks jumped over 5% on Thursday after Hindenburg Research, the short-seller behind the $100 billion Adani Group shares sell-off, shut down its operations. Among the Adani Group stocks, Adani Enterprises, Adani Green Energy and Adani Power shares rallied 5.5% each, while Adani Ports & SEZ, Adani Energy Solutions and Adani Total Gas shares gained over 4% each. Timeline …

Hindenburg Research, whose report battered Adani shares, to shut down: Founder
Trending News
2 months ago

Hindenburg Research, whose report battered Adani shares, to shut down: Founder

Hindustan Times  

Hindenburg Research's founder Nathan Anderson said he would disband the firm whose reports sparked heavy short-selling by investors and investigations by authorities, wiping billions from the market values of companies including India's Adani Group and US-based Nikola. Anderson, 40, made international waves in January 2023, publishing a report accusing Adani Group of Gautam Adani of “pulling the largest con in …

Adani Wilmar stocks recover as share price rises 5% in ealry trade
2 months, 2 weeks ago

Adani Wilmar stocks recover as share price rises 5% in ealry trade

India Today  

Shares of Adani Wilmar rebounded in early trading on Wednesday, climbing nearly 5% to reach a high of Rs 323.50 after having closed at Rs 308.25 in the previous session. This recovery follows a sharp decline of 7% on Tuesday after Adani Enterprises Ltd announced its decision to sell its entire 44% stake in Adani Wilmar Ltd. Adani Enterprises, the …

Gautam Adani: Trial by fire
2 months, 2 weeks ago

Gautam Adani: Trial by fire

India Today  

If there were many who left a mark on 2024, billionaire Gautam Adani was one on whom 2024 left a mark. It began on November 20 when the US Distr­ict Court, Eastern District of New York, accu­sed top executives of Azure Power, an Indian solar power producer listed on the New York Stock Exchange, of colluding with Gautam Adani and …

Ambani and Adani exit Bloomberg's $100 Billion Club amid business setbacks
3 months ago

Ambani and Adani exit Bloomberg's $100 Billion Club amid business setbacks

Hindustan Times  

Reliance CMD Mukesh Ambani and Adani Group chairman Gautam Adani, two of Asia's wealthiest individuals and India's richest billionaires, have both left Bloomberg's $100 billion club for the year due to various business setbacks, the website reports. Due to financial difficulties, Gautam Adani and Mukesh Ambani, the richest individuals in India, have both left Bloomberg's $100 billion club. According to …

Adani Group says it lost nearly $55 billion since US indictment: Report
3 months, 2 weeks ago

Adani Group says it lost nearly $55 billion since US indictment: Report

Hindustan Times  

India's Adani Group conglomerate said Wednesday it had suffered a staggering loss of nearly $55 billion since US corruption charges against top officials, accusations the company denies. The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of the bribery scheme. "Since the intimation of the …

Gautam Adani bribery case: Everything we know about US indictment of Indian billionaire
3 months, 2 weeks ago

Gautam Adani bribery case: Everything we know about US indictment of Indian billionaire

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Indian billionaire Gautam Adani has …

US bribery and fraud charges are a big test yet for India’s Adani, one of Asia’s richest men
3 months, 3 weeks ago

US bribery and fraud charges are a big test yet for India’s Adani, one of Asia’s richest men

Associated Press  

NEW DELHI — Indian billionaire Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery. On Friday, shares in some of the Adani Group’s companies began ticking back up after they plunged a day earlier following the announcement of the charges in New York. The …

How did Adani's wealth plummet by $12 billion in just one day amid US bribery scandal?
3 months, 3 weeks ago

How did Adani's wealth plummet by $12 billion in just one day amid US bribery scandal?

India TV News  

Gautam Adani, once among the world’s richest individuals, saw his wealth take a dramatic hit on Thursday, losing a staggering $12 billion in a single day. Additionally, the group’s energy arm, Adani Green Energy, is accused of misleading investors by issuing false statements in raising over $3 billion in loans and bonds. The charges also sent Adani Group stocks into …

Gautam Adani ‘bribery’ case: How the troubles began since Hindenburg allegations — a timeline
3 months, 3 weeks ago

Gautam Adani ‘bribery’ case: How the troubles began since Hindenburg allegations — a timeline

Live Mint  

The Securities and Exchange Commission charged Adani Group Chairman Gautam Adani and his nephew Sagar Adani, among others, on November 20 over their alleged involvement in a multi-billion-dollar bribery and fraud scheme. September 2024: Hindenburg's third take on the Adani Group came through a social media post on platform X, citing Swiss authorities freezing $310 million of the Adani Group's …

Who is Gautam Adani – Indian billionaire charged in US in $250m bribery case
3 months, 3 weeks ago

Who is Gautam Adani – Indian billionaire charged in US in $250m bribery case

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Indian billionaire Gautam Adani is …

US charges Indian billionaire Gautam Adani with bribery and fraud
3 months, 3 weeks ago

US charges Indian billionaire Gautam Adani with bribery and fraud

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Indian billionaire Gautam Adani is …

India’s Adani Group sees $22 billion in value wiped off after US indictments
3 months, 3 weeks ago

India’s Adani Group sees $22 billion in value wiped off after US indictments

Live Mint  

-Shares of Adani Group companies lost about $22 billion in market value in early trade on Thursday after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme. Gautam Adani's flagship company Adani Enterprises fell 10%, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC, …

Adani Group stocks go into a tailspin, crash up to 20% after US indicts Chairman and 7 others on bribery charges
Top News
3 months, 3 weeks ago

Adani Group stocks go into a tailspin, crash up to 20% after US indicts Chairman and 7 others on bribery charges

Live Mint  

Adani Group Stocks: Several Adani Group shares, including those of the flagship firm Adani Enterprises, suffered massive losses and hit their lower circuits in early trade on Thursday, November 21. "A five-count criminal indictment was unsealed today in federal court in Brooklyn charging Gautam S. Adani, Sagar R. Adani and Vneet S. Jaain, executives of an Indian renewable-energy company, with …

Explained: Why Adani Enterprises shares fell 15% today
3 months, 3 weeks ago

Explained: Why Adani Enterprises shares fell 15% today

India Today  

Shares of Adnai Enterprises crashed 15% in early trade to Rs 2,398.25 on Thursday. The fall in shares came after billionaire Gautam Adani, chairman of the Adani Group, was charged in New York in connection with an alleged multibillion-dollar bribery and fraud scheme, according to US prosecutors, reported news agency Reuters. The charges allege that Adani, along with seven other …

Adani Group stocks see worst day since Hindenburg crisis, lose Rs 2 lakh crore
3 months, 3 weeks ago

Adani Group stocks see worst day since Hindenburg crisis, lose Rs 2 lakh crore

India Today  

Shares of Adani Group saw a massive fall on Thursday, with several stocks hitting their daily lower circuit limits. Investors in Adani Group’s 10 listed companies lost over Rs 2.60 lakh crore in market value during early trade. WORST MARKET DAY SINCE HINDENBURG REPORT The allegations caused panic selling across Adani Group stocks, marking their worst trading day since the …

Indian conglomerate chair Gautam Adani indicted in the US
3 months, 3 weeks ago

Indian conglomerate chair Gautam Adani indicted in the US

Al Jazeera  

US prosecutors have accused Gautam Adani and others of an elaborate scheme to bribe Indian government officials to secure contracts worth billions of dollars as they sought to raise funds from US investors. Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, has been indicted in New York over an alleged multibillion-dollar fraud …

From Rags to Riches: The Extraordinary Journey of a Gujarati Billionaire Who 'Cheated Death' Twice
4 months, 2 weeks ago

From Rags to Riches: The Extraordinary Journey of a Gujarati Billionaire Who 'Cheated Death' Twice

India TV News  

The article chronicles the extraordinary journey of a Gujarati billionaire, Gautam Adani, who has risen to become one of India's most powerful tycoons. His story showcases the unwavering determination and resilience required to achieve success against all odds. Adani's journey highlights the importance of ethical business practices and the positive impact that businesses can have on society. His story inspires …

Adani Group stocks plunge up to 17% following Hindenburg's latest claims
7 months ago

Adani Group stocks plunge up to 17% following Hindenburg's latest claims

India Today  

Shares of the Adani group dropped by up to 17% in early trading on Monday, following fresh allegations from the US-based short seller firm Hindenburg Research. US-based short seller firm Hindenburg Research on Saturday claimed that whistleblower documents show Securities and Exchange Board of India Chairperson Madhabi Puri Buch had a stake in the obscure offshore entities used in the …

Adani Group rocked by Hindenburg allegations against SEBI
7 months ago

Adani Group rocked by Hindenburg allegations against SEBI

Al Jazeera  

Adani Group’s stock value plunged by nearly $150bn after Hindenburg Research’s first report in January 2023. Adani Group, the Indian conglomerate rocked by a Hindenburg Research report last year, has faced another heavy share selloff after the short seller accused the head of India’s market regulator of having links to offshore funds also used by the group. Buch said the …

Adani Group stocks see ₹1.4 lakh crore gain today, zoom 16% as exit polls predict PM Modi's return
9 months, 1 week ago

Adani Group stocks see ₹1.4 lakh crore gain today, zoom 16% as exit polls predict PM Modi's return

Hindustan Times  

Adani Group stocks today: Shares of Gautam Adani's Adani Group surged as much as 16% today following exit polls which indicated that Prime Minister Narendra Modi's led BJP will win in the Lok Sabha elections. Adani Group stocks today: Gautam Adani speaks during an interview in Ahmedabad. Gautam Adani replaces Mukesh Ambani as richest Asian Individually, Adani Enterprises jumped 7 …

Gautam Adani replaces Mukesh Ambani as richest Asian
9 months, 2 weeks ago

Gautam Adani replaces Mukesh Ambani as richest Asian

Hindustan Times  

Billionaire Gautam Adani has once again surpassed Reliance Industries head Mukesh Ambani to become the richest person in Asia after a surge in stock price of the listed companies in his conglomerate, according to Bloomberg Billionaires Index. Reliance Industries head Mukesh Ambani and Gautam Adani As per the index, Adani is now ranked as the 11th richest in the world …

Gautam Adani overtakes Mukesh Ambani to become richest Asian
9 months, 2 weeks ago

Gautam Adani overtakes Mukesh Ambani to become richest Asian

The Hindu  

Gautam Adani has retaken the tag of richest person in Asia after a surge in stock price of the listed companies in his apples-to-airport conglomerate helped him overtake Reliance Industries head Mukesh Ambani. Mr. Adani with a net worth of $111 billion is now ranked as the 11th richest in the world, ahead of Mr. Ambani whose $109 billion wealth …

Adani Enterprises stock recovers $30 billion lost after Hindenburg report
9 months, 2 weeks ago

Adani Enterprises stock recovers $30 billion lost after Hindenburg report

Hindustan Times  

Shares of Adani Enterprises Ltd- flagship of Gautam Adani’s group- erased all the losses following a short-seller report in early 2023. The conglomerate cut debt and landed major projects owing to which its stock stock crawled back losses of more than $30 billion after US-based Hindenburg Research alleged wide-ranging corporate malfeasance and share-price manipulation at conglomerate in January 2023. Adani …

Adani Group stocks today: All 10 Adani group companies trade lower. Here's why
11 months, 3 weeks ago

Adani Group stocks today: All 10 Adani group companies trade lower. Here's why

Hindustan Times  

Adani Group share price today: Shares of all 10 Adani group companies traded lower today. Adani Enterprises Ltd fell nearly 4 per cent in early trade, while Adani Ports and Special Economic Zone Ltd lost nearly 3 per cent. Adani Wilmar Ltd and Adani Power Ltd were down over a per cent and Adani Total Gas Ltd, Adani Energy Solutions …

On anniversary of Hindenburg report, Gautam Adani says group has emerged stronger
1 year, 1 month ago

On anniversary of Hindenburg report, Gautam Adani says group has emerged stronger

The Hindu  

A year after a damning report by a U.S. short seller ripped through his apples-to-airport conglomerate, billionaire Gautam Adani on Thursday said the "trials and tribulations" of the past year have made the Adani group stronger as it continued on growth path, improving asset base and launching key projects, including the Dharavi redevelopment. "This period marked the launch of several …

Gautam Adani climbs world’s rich list, close to overtaking Mukesh Ambani’s spot
1 year, 3 months ago

Gautam Adani climbs world’s rich list, close to overtaking Mukesh Ambani’s spot

Live Mint  

Billionaire Gautam Adani has climbed to the 15th spot in the Bloomberg Billionaire Index as of December 6, reaching within close distance of India's and Asia's richest man Mukesh Ambani. With net worth of $82.5 billion, the Adani Group founder is now the world's 15th richest person and the second richest Indian and Asian on the list. Subsequent to these …

US Govt Investigated Hindenburg Allegations Against Adani Before Extending Loan To Conglomerate: Report
1 year, 3 months ago

US Govt Investigated Hindenburg Allegations Against Adani Before Extending Loan To Conglomerate: Report

ABP News  

The US government reportedly found the Hindenburg Research’s allegations of corporate fraud against Gautam Adani, the founder of the Adani Group, 'not relevant' and provided the conglomerate about $553 million for a container terminal in Sri Lanka, a senior US official noted. The report cited the anonymous DFC official and said that the DFC remained satisfied that the allegations made …

What has India’s Adani Group now been accused of?
1 year, 6 months ago

What has India’s Adani Group now been accused of?

Al Jazeera  

Investigative reporters network says it has documents backing Hindenburg’s claims that Adani Group used offshore tax havens to drive up share price. Citing a review of files from multiple tax havens and internal Adani Group emails, the Organised Crime and Corruption Reporting Project said on Thursday that two individual investors – Nasser Ali Shaban Ahli from Dubai and Chang Chung-Ling …

Gautam Adani Slams Hindenburg Report, Says It Carried 'Misinformation And Baseless Allegations'
1 year, 7 months ago

Gautam Adani Slams Hindenburg Report, Says It Carried 'Misinformation And Baseless Allegations'

News 18  

Gautam Adani, the chairman of the Adani Group, reaffirmed during the company’s 31st Annual General Meeting that the Hindenburg report, released earlier this year, consisted of misinformation and discredited allegations aimed at tarnishing the company’s reputation. The US-based short-seller Hindenburg Research published a report in January, accusing the group of stock manipulation and accounting fraud, allegations that Adani vehemently denied. …

Adani Enterprises AGM: Hindenburg's report an attempt to damage reputation, says Gautam Adani
1 year, 7 months ago

Adani Enterprises AGM: Hindenburg's report an attempt to damage reputation, says Gautam Adani

Hindustan Times  

Addressing Tuesday's 31st Annual General Meeting of his flagship Adani Enterprises, Gautam Adani once again accused the US-based short-seller Hindenburg Research of trying to malign the company's reputation with its report, which he dubbed as a ‘combination of targeted misinformation and discredited allegations.’ Gautam Adani addressing 31st AGM of the Adani Enterprises “This year, a US-based short-seller published a report …

Gautam Adani lost over ₹4 trillion in past six months of 2023: Report
1 year, 8 months ago

Gautam Adani lost over ₹4 trillion in past six months of 2023: Report

Hindustan Times  

Billionaire tycoon Gautam Adani's net worth sank between January and June this year, Bloomberg reported. The Adani Group chairperson lost 60.2 billion in the past six months. Earlier in May, the Supreme Court-appointed expert panel to probe regulatory failure by the Securities and Exchange Board of India and alleged breach of laws by Adani Group, had informed the top court …

Gautam Adani targets Hidenburg report after 5 months: 'Was aimed at damaging reputation'
1 year, 8 months ago

Gautam Adani targets Hidenburg report after 5 months: 'Was aimed at damaging reputation'

Hindustan Times  

Five months after a bombshell short seller report lopped off billions of dollars in market value of his empire, Gautam Adani has reiterated that his ports-to-energy conglomerate remains confident in its governance and disclosure standards. In the annual report of group's flagship firm Adani Enterprises Ltd, the Adani Group chairman said a Supreme Court -appointed panel of experts found no …

Mukesh Ambani Regains Asia's Richest Person Title In Forbes List, Overtakes Adani
1 year, 11 months ago

Mukesh Ambani Regains Asia's Richest Person Title In Forbes List, Overtakes Adani

ABP News  

Reliance Industries chairman Mukesh Ambani regained his position as the wealthiest individual in India and Asia, Forbes said in its Billionaire 2023 list released on Tuesday. The development came after Gautam Adani's worth tumbled following a damning report by US short-seller Hindenburg Research that accused the Adani Group of stock manipulation and accounting fraud. "Adani was the world's third-richest person …

Gautam Adani 'lost ₹3,000 crore per week', fortune down 60%: Report
1 year, 11 months ago

Gautam Adani 'lost ₹3,000 crore per week', fortune down 60%: Report

Hindustan Times  

Adani Group boss Gautam Adani lost $28 billion over the last year - or an average of ₹3,000 crore per week in 2022 - and his fortune dropped by over 60 per cent from its peak due to Hindenburg's January report alleging financial misconduct, according to the M3M Hurun Global Rich List 2023 published Wednesday. Further, Adani has been overtaken …

Ambani overtakes Adani to bag richest Indian title: Hurun Global Rich List
1 year, 11 months ago

Ambani overtakes Adani to bag richest Indian title: Hurun Global Rich List

Live Mint  

Reliance Industries Chairman and Asia's richest man Mukesh Ambani became the only Indian to feature in the list of top 10 billionaires across the world, according to the Hurun Global Rich List released on Wednesday. Despite a 20 per cent dip in wealth, the RIL boss occupied ninth rank globally with a net worth of $82 billion, according to the …

Echoes of Adani row: Hong Kong firm faces massive rout after short seller attack
2 years ago

Echoes of Adani row: Hong Kong firm faces massive rout after short seller attack

Live Mint  

In a case reminiscent of the Adani-Hindenburg row, a Hong Kong-based billionaire saw his net worth tumble more than $670 million within a span of two days. Techtronic Industries Co - founded by German billionaire Horst Julius Pudwill - underwent a $4 billion rout last week after a little known short seller accused it of manipulating profits and using fraudulent …

India's Enron Moment? Gautam Adani slips to No. 30, group stocks lose ₹12 lakh crore in 1 month
2 years ago

India's Enron Moment? Gautam Adani slips to No. 30, group stocks lose ₹12 lakh crore in 1 month

The Hindu  

Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a U.S. firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by $80 billion and the tycoon slipping to No.30 on the world billionaire index. Hindenburg, which held short positions in unidentified shares of Adani Group …

One month to Hindenburg report: Adani Group loses over 12 lakh crore market cap
2 years ago

One month to Hindenburg report: Adani Group loses over 12 lakh crore market cap

Hindustan Times  

Adani Group, whose stock exchange valuation outperformed Mukesh Ambani's Reliance and Ratan Tata's TCS, has lost over 12 lakh crore in a month since the Hindenburg report alleging "brazen stock manipulation and accounting fraud" was published. This represents a loss of more than ₹12 lakh crore from a market value of approximately ₹19.2 lakh crore on January 24, when Hindenburg …

Month after Hindenburg’s bombshell report, Adani loses over ₹12 lakh cr m-cap
2 years ago

Month after Hindenburg’s bombshell report, Adani loses over ₹12 lakh cr m-cap

Live Mint  

A month after Hindeburg's bombshell report, Adani Group has lost over ₹12 lakh crore market value on Friday. On January 24, 2023, the Adani Group held the alpha seat on stock exchanges with a market valuation of over ₹19 lakh crore, outrunning Mukesh Ambani's Reliance and Ratan Tata's TCS. As per Shah, the peak level of Adani Group's market cap …

Gautam Adani no longer among world’s 25 richest people
2 years ago

Gautam Adani no longer among world’s 25 richest people

The Hindu  

Adani Group Chairman Gautam Adani is no longer among the 25 richest billionaires in the world after his net worth dipped below $43.4 billion on February 22, according to Forbes and Bloomberg indices. Mr. Adani, who held the title of Asia’s richest person and the world’s third richest until recently, saw his personal net worth fall, making him the 26th …

Hindenburg effect: Gautam Adani no longer among world's 25 richest billionaires
2 years ago

Hindenburg effect: Gautam Adani no longer among world's 25 richest billionaires

Hindustan Times  

Billionaire Gautam Adani’s free fall doesn’t seem to be ending anytime soon as the once Asia’s richest man no longer figures among the world’s 25 richest persons’ list after being caught in a short selling storm with Hindenburg research. According to the world billionaires list by Forbes and Bloomberg, Adani has slipped to the 26th and 29th rank respectively after …

Adani flagship Adani Enterprises falls 10% after Wikipedia’s allegation
2 years ago

Adani flagship Adani Enterprises falls 10% after Wikipedia’s allegation

The Hindu  

Shares of Adani Enterprises tumbled 10.4% on the BSE on Wednesday to close at ₹1,404.85 after a post in Wikipedia’s online daily ‘The Signpost’ alleged that an employee of the Adani Group had likely manipulated information about the group in entries on the volunteer-contributed online encyclopedia. Shares of Adani Ports declined 6.25%, while those of Adani Power, Adani Transmission, Adani …

Adani Group stocks post worst day in two weeks as investors lose ₹51,294 crore
2 years ago

Adani Group stocks post worst day in two weeks as investors lose ₹51,294 crore

Live Mint  

The Adani Group stocks got an eye-opening jolt on Wednesday that saw destruction of ₹51,294.04 crore of investor wealth. All the Adani Group's 10 listed firms have together lost ₹11,62,030.29 crore in market valuation as selling pressure intensified. Four other Adani Group stocks – Adani Transmission, Adani Total Gas, Adani Wilmar, and Adani Green – were locked in their 5% …

Adani group’s market value drops under $100 billion
2 years ago

Adani group’s market value drops under $100 billion

The Hindu  

The combined value of Adani Group’s 10 companies — including Adani Ports, Adani Green Energy and Power — fell below the $100 billion mark on February 21, weeks after a searing report by the U.S. short-seller Hindenburg Research. Overall, the Adani Group has lost more than $135 billion in market capitalisation since January 24, when Hindenburg alleged rampant stock manipulation …

Adani no longer a $100 bn group amid sell-off in shares post Hindenburg’s claims
2 years ago

Adani no longer a $100 bn group amid sell-off in shares post Hindenburg’s claims

Live Mint  

Billionaire Gautam Adani-led Adani Group's market capitalisation has slipped below $100 billion on Monday, tumbling over $135 billion since the explosive Hindenburg Research report released late January. The selloff in most group stocks continued today, with the group's flagship company Adani Enterprises the worst performer with as much as 9.4% drop. Adani Group stocks have taken a beating on the …

Hindenburg effect: For first time in years, Gautam Adani's net worth drops below $50 billion
2 years ago

Hindenburg effect: For first time in years, Gautam Adani's net worth drops below $50 billion

Hindustan Times  

On Monday, the net worth of billionaire Gautam Adani slipped to less than $50 billion for the first time in several years, with the real-time billionaires lists of both Forbes and Bloomberg ranking him as the twenty-fifth wealthiest person in the world, with a fortune of $48 billion and $49.1 billion respectively. On the Forbes list, the founder-chairman of the …

Did Adani stock rout, $130bn loss scare India's small investors?
2 years, 1 month ago

Did Adani stock rout, $130bn loss scare India's small investors?

Hindustan Times  

Individual stock investors in India are keeping faith in the country’s $3.1 trillion equity market even after a punishing selloff in Adani Group shares threatened to drag down one of the world’s best-performing indexes since the pandemic. Hanoz Mistri is among the small investors in India who believe the carnage that has wiped off about $130 billion from the value …

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