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Shares in Adani Enterprises, the group’s flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani’s net worth.
Shares of several of Adani's companies have yet to regain the ground they lost after the report. Since Jan. 24, 2023, Adani Energy Solutions is down 71.32%, Adani Total Gas has lost 82.7%, and ...
Adani Cement is wholly-owned subsidiary of Adani Enterprises and has not begun its business operations. [32] [33] It was reported in June 2021 that the Adani Group planned to set up a cement plant in Maharashtra which will have an initial capacity of 5-Million tonnes per annum with an approximate investment of ₹900-1,000 crore. [34]
Adani’s net worth shot up about 2,000% in recent years as share prices for his listed companies soared. ... U.S.-based Hindenburg accused Adani companies of stock price manipulation and fraud ...
Adani Group (Hindi: [əd̪aːniː], Gujarati: [əd̪aɳiː]) is an Indian multinational conglomerate, headquartered in Ahmedabad.Founded by Gautam Adani in 1988 as a commodity trading business, the Group's businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons, and infrastructure. [12]
As of 2021, the company held an 18.3% market share in the branded edible oil market in India. [12] [13] It is India's largest processor of palm oil. [14] [15] [16] Adani Wilmar opened its three-day initial public offering (IPO) on 27 January 2022, and the issue closed on 31 January 2022. The listing took place on 8 February 2022.
One of Hindenburg's reports was a bet against Indian conglomerate Adani Group in 2023 that led to more than $100 billion in value wiped off the group's shares. The short-seller accused Adani Group ...
The Nifty Next 50 Index represents about 10% of the free float market capitalization of the stocks listed on NSE as on September 29, 2023. The total traded value for the last six months September 2023 of all index constituents is approximately 11.2% of the traded value of all stocks on NSE. [5]