For Adani trapped in the vortex of Hindenburg today, some happiness, some sorrow, know what happened throughout the day – gautam adani hindenburg case full detail

Rating agency expressed confidence in Gautam Adani’s company

Rating agency Fitch has expressed confidence in Adani’s companies. Fitch said Adani’s credit profile will not be impacted immediately following the short seller company’s report. Fitch gave the good news to Adani saying there was no immediate impact on Hindenburg after the Hindenburg report. There will be no impact on their credit profile. At the same time, Moody’s said in its report that it would be difficult for Adani to raise funds due to Hindenburg’s report.

Adani’s 4 stocks returned fast

Adani’s stock was continuously declining for the last several trading days. While the shares of Adani’s companies were falling due to the Hindenburg report, the game changed a bit by evening. Shares of Adani Enterprises climbed 1.38 per cent to Rs 1,587. On the other hand, shares of Adani Ports climbed 7.87 per cent to Rs 499. At the same time, there was tremendous growth in the shares of ACC and Ambuja Cement. ACC Cement’s share gained 4.64 per cent and reached Rs 1927. On the other hand, shares of Ambuja Cement climbed 6 per cent to close at Rs 374. However, the rest of the stocks including Adani Green Energy, Adani Transmission saw a decline even today. But in difficult times, the rise in two stocks today is no less than a sanjeevani.

Adani Green Energy shares fell 10 per cent to Rs 936, Adani Power fell 5 per cent to Rs 192, Adani Transmission fell 10 per cent to Rs 1401, Adani Wilmar fell 5 per cent to Rs 400 today. While Adani Total Gas shares fell 5 per cent to Rs 1622, NDTV shares fell 5 per cent to close at Rs 213.

Adani slipped further down in the list of rich

Due to the continuous fall in the shares, there is a continuous decline in the wealth of Gautam Adani. Gautam Adani’s wealth fell to $ 58 billion due to the fall in the share price. Once the world’s second richest industrialist Gautam Adani has reached number 22 in the list of Forbes Billionaires.

Finance Minister and RBI gave statement in Adani case

On the questions arising regarding the investment of banks and LIC in Gautam Adani’s company, today the Finance Minister said that this Indian bank and LIC are completely safe. Indian banks are strong and the loans disbursed to the Adani group have been disbursed within the banking ambit. At the same time, the Reserve Bank of India has also dominated that the Indian bank is strong and stable. At the same time, market regulators have increased surveillance on Adani’s companies. NSE has placed the shares of the three companies of the group in the Short Term Additional Surveillance Measure ie ASM framework. At the same time, the Hindenburg case has now reached the Supreme Court. A Public Interest Litigation has been filed in the Supreme Court on this matter. Action has been demanded against this short seller.