Another big blow to Gautam Adani, Adani Enterprises shares will be out of Dow Jones Index
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Mumbai (Best Hindu News): Gautam Adani has suffered another major setback. Adani Enterprises will be removed from the Dow Jones Sustainability Index before 7 February. A day earlier, the National Stock Exchange (NSE) had informed about putting Adani Group’s three shares Adani Enterprises, Adani Ports and Ambuja Cements under the Additional Surveillance Measure (ASM) framework from 3 February 2023. The stock is now on the verge of being kicked out of the Dow Jones Sustainability Index. Its effective time is starting from Tuesday 7th February. This information has been given by the US market.
The US stock exchange announced the removal of Adani Enterprises from the S&P Dow Jones Sustainability Index following media and stakeholder analysis triggered by allegations of stock manipulation and accounting fraud. will be given. The index announcement states that the S&P Dow Jones Indices will make the changes effective prior to the opening on Tuesday, February 7, 2023. There is a huge fall in the shares of Adani Group after the Hindenburg report. In the last six sessions, Adani Enterprises share price on the NSE has fallen to as low as Rs 1,565, taking a dive of 55 per cent from Rs 3,442.
Since January 25, Adani has been getting setbacks after setbacks. Adani Group is estimated to have incurred a loss of more than Rs 8 lakh crore in the last 9 days. Many stocks of Adani Group have come down below 60 percent. Because of this, Gautam Adani was slammed from fourth to 21st in the list of top-10 billionaires of Bloomberg Billionaire Index.
This year, Adani’s assets have reduced by $ 59.2 billion to $ 61.3 billion. Adani has got a blow of about $ 52 billion in just one week. RBI has sought information from all banks on loans given to Adani Enterprises. At the same time, Adani Group has talked about canceling the fully subscribed FPO worth Rs 20,000 crore and returning the money to the investors. Now the American stock market has also given a jolt.
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