Adani Group shares rose up to 17 percent today
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On January 24, US short selling firm Hindenburg Research released a report about the Adani Group. In this, the group was accused of manipulating the price of shares and money laundering. The Adani Group denied the allegations but this led to a sharp fall in the Group’s shares. Due to this decline for more than a month, the market cap of Adani Group was reduced by Rs 12 lakh crore. The Supreme Court had formed an expert committee in this matter. The committee has said in its report that it is not possible to conclude failure on the part of the market regulator SEBI (SEBI) in the investigation into the allegations of manipulation of share prices.
Adani’s record earnings
There was a lot of demand for shares of Adani Group on Monday. Kranti Bathini of WealthMills Securities said that the Supreme Court report has given confidence to investors. On the other hand, the group is planning to monetize its non-core assets and is meeting with investors for the same. All these reasons have increased the confidence of the investors. This is the reason why Adani Group’s shares saw a huge jump on Monday. With this boom, there was a huge jump in the net worth of Gautam Adani, the chairman of the group. According to Forbes’ Real Time Billionaires List, Adani’s net worth increased by $4.4 billion today. He is ranked 24th in the list of the world’s richest people with a net worth of $50.9 billion.
In terms of earning on Monday, Adani left behind the rest of the world’s rich. The net worth of Bernard Arnault of France, the world’s biggest billionaire, increased by $ 1.9 billion, while Zhong Shanshan’s net worth increased by $ 1.2 billion. Not only this, the net worth of Adani’s elder brother Vinod Shantilal Adani also increased by $1.2 billion today. Mukesh Ambani of Reliance Industries is ranked 14th in this list with a net worth of $87.1 billion.
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