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.

History of this topic

Hindenburg Research To Shut Down: A Look Back At Short-seller's Allegations Against Adani Group
2 months ago
Adani Group shares rise as Hindenburg founder disbands short-seller
2 months ago
Adani Group stocks jump up to 5% after Hindenburg shuts down operations; Adani Ent, Adani Power, Adani Ports top gainers
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9 months, 1 week ago
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11 months, 3 weeks ago
On anniversary of Hindenburg report, Gautam Adani says group has emerged stronger
1 year, 1 month ago
Gautam Adani climbs world’s rich list, close to overtaking Mukesh Ambani’s spot
1 year, 3 months ago
US Govt Investigated Hindenburg Allegations Against Adani Before Extending Loan To Conglomerate: Report
1 year, 3 months ago
What has India’s Adani Group now been accused of?
1 year, 6 months ago
Gautam Adani Slams Hindenburg Report, Says It Carried 'Misinformation And Baseless Allegations'
1 year, 7 months ago
Adani Enterprises AGM: Hindenburg's report an attempt to damage reputation, says Gautam Adani
1 year, 7 months ago
Gautam Adani lost over ₹4 trillion in past six months of 2023: Report
1 year, 8 months ago
Gautam Adani targets Hidenburg report after 5 months: 'Was aimed at damaging reputation'
1 year, 8 months ago
Mukesh Ambani Regains Asia's Richest Person Title In Forbes List, Overtakes Adani
1 year, 11 months ago
Gautam Adani 'lost ₹3,000 crore per week', fortune down 60%: Report
1 year, 11 months ago
Ambani overtakes Adani to bag richest Indian title: Hurun Global Rich List
1 year, 11 months ago
Echoes of Adani row: Hong Kong firm faces massive rout after short seller attack
2 years ago
India's Enron Moment? Gautam Adani slips to No. 30, group stocks lose ₹12 lakh crore in 1 month
2 years ago
One month to Hindenburg report: Adani Group loses over 12 lakh crore market cap
2 years ago
Month after Hindenburg’s bombshell report, Adani loses over ₹12 lakh cr m-cap
2 years ago
Gautam Adani no longer among world’s 25 richest people
2 years ago
Hindenburg effect: Gautam Adani no longer among world's 25 richest billionaires
2 years ago
Adani flagship Adani Enterprises falls 10% after Wikipedia’s allegation
2 years ago
Adani Group stocks post worst day in two weeks as investors lose ₹51,294 crore
2 years ago
Adani group’s market value drops under $100 billion
2 years ago
Adani no longer a $100 bn group amid sell-off in shares post Hindenburg’s claims
2 years ago
Hindenburg effect: For first time in years, Gautam Adani's net worth drops below $50 billion
2 years ago
Did Adani stock rout, $130bn loss scare India's small investors?
2 years, 1 month ago

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