Gautam Adani: From the throne to the floor in just 12 days… Hindenburg Research shook the world of this Adani Group share – this adani group share has slipped from 52 week high to low in just 12 days
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Hindenburg Research report claims Adani Group rigged shares for years. Although Adani Group has denied these allegations. But this report has shaken Adani Group badly. The market cap of the group has come down to less than $100 billion. Gautam Adani-led Adani Group became the country’s most valuable business group in September last year. Then its market cap had reached Rs 20.74 lakh crore i.e. about $ 260 billion.
Big blow to Gautam Adani
But after the report of Hindenburg Research, there has been a huge fall in the shares of Adani Group. Shares of three companies fell to their lowest level of 52 weeks on Friday. These include Adani Green Energy, Adani Transmission and Adani Total Gas. All three touched the lower circuit on Friday. Apart from these, the stock of Adani Power also fell by five per cent. Most of the group’s shares declined. Group chairman Gautam Adani’s net worth has declined by $ 64.7 billion this year. He has slipped from third to 21st in the list of rich.
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