Gautam Adani becomes the 12th richest man in the world, joins the $100 billion club for the first time after Hindenburg.
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Gautam Adani Joins $100 Billion Club: The year 2024 is proving to be very auspicious for Indian industrialist Gautam Adani. At the beginning of the year, he got relief from the Supreme Court in the Hindenburg case. The country’s Supreme Court ordered local market regulator SEBI to complete its investigation into the group within three months and said there was no need for any further investigation. After this, the shares of Adani Enterprises witnessed a rapid rise. At the same time, the American investigating agency also gave a clean cheat in the case. Today there is another good news for the head of Adani Enterprises.
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Gautam Adani has once again joined the $100 billion list of the rich.
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According to Bloomberg, Adani’s total wealth increased to $ 100.7 billion on Wednesday.
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He became the 12th richest person in the world. This year they have got back 16.4 billion dollars.
Last year there was a loss of 80 billion dollars
Gautam Adani’s wealth declined by more than $80 billion in January last year after serious allegations like stock market manipulation were made in the Hindenburg Research report. But after that it has increased again. It spent months wooing investors and lenders, paying off debt and overcoming regulatory concerns, after losing more than $150 billion from the market price. The group won new equity capital in 2023 from leading investors including GQG Partners LLC and Qatar Investment Authority. Rajeev Jain’s GQG Partners LLC invested about $4 billion in Adani group companies last year. While Qatar Investment Authority invested about $500 million and TotalEnergies SE bet $300 million on a joint venture with Adani Green Energy.
Servotech Power System signs agreement with Adani Total Energies
Servotech Power Systems, which provides charging solutions for electric vehicles, has signed a contract with Adani Total Energies e-Mobility for the supply of EV chargers. The company said in the statement that Servotech Power Systems will be responsible for manufacturing, supplying and installing the AC EV charger at various airports and other locations. According to Servotech, it expects this contract to lead to large EV charger orders this year. The objective of this agreement is to establish a user-friendly e-transportation hub, streamline transactions, increase availability, facilitate search and simplify ‘navigation’ for EV users.
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