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NEW DELHI (Reuters) -Gautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a U.S. short-seller's criticisms wiped billions ...
The Adani Group is a key player in Modi’s ambition to transform India into a $5 trillion economy, said Alim Remtulla of Medley Advisors. Both men embody the “Gujarat growth model,” he said ...
Before the stock drop, Mr Adani briefly became the world’s wealthiest person but then was ranked 25th with a net worth of $57.6bn. Born in Ahmedabad on June 24, 1962, he dropped out of school at ...
Indian industrialist Gautam Adani has lost a lot of money over the last month. His net worth is about $67 billion less (as of 2/15/23) than it was on January 24 when Bloomberg estimated it at $119 billion and the publicly traded companies he controls have lost over $100 billion in market value.
The Adani Enterprises public offering was cancelled on 1 February 2023. [ 49 ] [ 50 ] The Adani Group said that the Hindenburg Research report was "malicious combination of selective misinformation and stale" information, [ 47 ] [ 51 ] and that they were "evaluating the relevant provisions under U.S. and Indian laws for remedial and punitive ...
Adani Digital Labs was incorporated in September 2021 as a wholly-owned subsidiary of Adani Enterprises, to build a digital platform for the consumers of Adani Group's B2C businesses. [ 28 ] [ 52 ] In December 2022, the company made the alpha release of the mobile app , named "Adani One", with the integration of the group's airport vertical.
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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]