Gautam Adani-Owned Companies Lose Almost $45 Billion in Market Value After Selloff Sparked by Hindenburg Report on Adani Group
Shares of Adani Group's companies have taken a massive hit as they lost almost $45 billion in market value in less than two sessions after a selloff sparked by Hindenburg Research's report reported Bloomberg.
Shares of Adani Group's companies have taken a massive hit as they lost almost $45 billion in market value in less than two sessions after a selloff sparked by Hindenburg Research's report on Friday, reported Bloomberg. Adani stocks had lost $12 billion in market value on Wednesday and Indian markets were shut Thursday. Hindenburg, a well-known US short-seller, said key listed companies in the group controlled by billionaire Gautam Adani had substantial debt, which has put the entire group on a ‘precarious financial footing.’ The Adani group has however denied such charges. Hidenburg Report on Adani Group: Congress Demands Probe by SEBI.
Adani Group Companies Hit by Hindenburg Report:
(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter (X), Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)